The market has stabilized, the first signs of an uptrend appeared

October 21, 2021 12:53:21 PM by Alexander Zorevyk
Forecast Details
PairEURJPY
Direction Buy
StatusClosed (133.10)
12:51
12:51
Oct. 21, 2021

+90 p
134.00
Target 2
+50 p
133.60
Target 1
133.10
Entry
-60 p
132.50
Stop Loss
Chart & Analyst Comments
main-buy-trend-2
  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. The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
  3. The MVP indicator shows the uptrend. We take this into account as one of the important factors in today's forecast.
  4. The first target is at the level of the previous peak - 133.6, and the second one, in case of an active price increase, is at the level - 134
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