- The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
- The activity of "fresh" sellers in a downtrend may indicate that the market expects the recovery of the bear trend. However, according to our analysis, this movement is corrective and we expect the price to go up
- When the price decreases, a signal is formed (orange labels), which implies an upward movement.
- MVP line is below the price and acts as a support level.
- Pay attention to the accumulation of sellers near the current price. Such situations during a downtrend may indicate an upcoming correction. As a result, we will be going with a short-term Buy Order.
EURJPY - Upward trend will continue, Long trade by market price recommended
August 23, 2022 9:31:42 AM
Forecast Details
PairEURJPY
Direction
Buy
StatusClosed (137.00)
+70 p
137.00
Target 1
136.30
Entry
-80 p
135.50
Stop Loss
Chart & Analyst Comments
