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

October 25, 2021 6:06:59 AM by Alexander Zorevyk
Forecast Details
Direction Buy
StatusClosed (132.40)
Oct. 25, 2021

+95 p
Target 2
+60 p
Target 1
-60 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. 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
  3. MVP line is below the price and acts as a support level.
  4. The first target is at the level of the previous peak - 133, and the second one, in case of an active price increase, is at the level - 133.35
    index: 1x 0.037742137908936s
t_/pages/forecast: 1x 0.034797191619873s
t_/common/header-new: 1x 0.023401021957397s
t_/common/head: 1x 0.019835948944092s
t_/common/footer-new: 1x 0.0024600028991699s
router_page: 1x 0.0018188953399658s
router: 1x 0.00066399574279785s
t_/popups/on-download: 1x 0.00048589706420898s
service-routes: 1x 0.00027704238891602s
router_redirection: 1x 0.00012087821960449s
t_/popups/zoom: 1x 4.2200088500977E-5s
----- END OF DUMP (2021-12-01 15:30:12)  -----