Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity

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

January 27, 2021 4:51:48 PM by Alexander Zorevyk
Forecast Details
Direction Buy
StatusClosed (126.55)
Jan. 27, 2021

+90 p
Target 2
+60 p
Target 1
-60 p
Stop Loss
Chart & Analyst Comments
  1. According to the most brokers’ data, more than half of the traders are currently in short positions on EURJPY. As a result, we recommend considering only Long trades at this time.
  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. When the price decreases, a signal is formed (orange labels), which implies an upward movement.
  4. We see two clusters of stop losses above the price on which we set our first and second targets according to our forecast.
    index: 1x 0.040370941162109s
t_/pages/forecast: 1x 0.036082983016968s
t_/common/header-new: 1x 0.024800062179565s
t_/common/head: 1x 0.019814014434814s
t_/common/footer-new: 1x 0.0026071071624756s
router_page: 1x 0.0024001598358154s
router: 1x 0.0011091232299805s
t_/popups/on-download: 1x 0.00056290626525879s
service-routes: 1x 0.00043296813964844s
router_redirection: 1x 0.00021100044250488s
t_/popups/zoom: 1x 3.1948089599609E-5s
----- END OF DUMP (2022-07-06 15:33:07)  -----