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

March 24, 2022 9:15:15 AM by Alex Zarevich
Forecast Details
PairEURJPY
Direction Buy
StatusClosed (134.50)
9:15
9:15
Mar. 24, 2022

+80 p
134.50
Target 1
133.70
Entry
-80 p
132.90
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  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 activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  3. The MVP indicator shows the uptrend. We take this into account as one of the important factors in today's forecast.
  4. We see an accumulation of loss sellers below the current price in the right Order Book. This cluster can act as a support.
  5. Set Take Profit at the local high, beyond which there is a cluster of orders.
    index: 1x 0.035709142684937s
t_/pages/forecast: 1x 0.031992197036743s
t_/common/header-new: 1x 0.020174026489258s
t_/common/head: 1x 0.016796112060547s
t_/common/footer-new: 1x 0.002622127532959s
router_page: 1x 0.0016770362854004s
router: 1x 0.00085687637329102s
t_/popups/on-download: 1x 0.00055599212646484s
service-routes: 1x 0.00037503242492676s
router_redirection: 1x 0.00014591217041016s
t_/popups/zoom: 1x 1.4066696166992E-5s
----- END OF DUMP (2022-11-30 04:07:11)  -----