EURJPY - Upward trend will continue, Long trade by market price recommended

January 18, 2022 10:38:43 AM by Alex Zarevich
Forecast Details
Direction Buy
StatusClosed (129.60)
Jan. 18, 2022

+95 p
Target 2
+70 p
Target 1
-70 p
Stop Loss
Chart & Analyst Comments
  1. The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
  2. There is an increase in the number of bears on the downward movement, followed by correction. We consider this movement as a trap for sellers and look forward for a continuation of the uptrend.
  3. When the price decreases, a signal is formed (orange labels), which implies an upward movement.
  4. MVP line is below the price and acts as a support level.
  5. The first target is at the level of the previous peak - 131, and the second one, in case of an active price increase, is at the level - 131.25
    index: 1x 0.034696102142334s
t_/pages/forecast: 1x 0.031150817871094s
t_/common/header-new: 1x 0.019350051879883s
t_/common/head: 1x 0.015977144241333s
t_/common/footer-new: 1x 0.0026040077209473s
router_page: 1x 0.0016539096832275s
router: 1x 0.00090312957763672s
t_/popups/on-download: 1x 0.00051093101501465s
service-routes: 1x 0.00030803680419922s
router_redirection: 1x 0.0001380443572998s
t_/popups/zoom: 1x 3.8862228393555E-5s
----- END OF DUMP (2022-11-30 03:46:11)  -----