EN

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

Alex Zarevich on FXSSI Alex Zarevich Expert
main-buy-market-trend-1
Forecast Details
PairEURJPY
Publish Time7/29/21 7:11 AM
Direction Buy
Status Closed (130.25)
7:01:00 AM UTC
7:01:00 AM UTC
Jul. 29, 2021
Forecast
+60 p
130.85
Target 1
130.25
Entry
-60 p
129.65
Stop Loss
Related Links
How to use MT4/5 Indicators Tools

Chart & Analyst Comments

main-buy-market-trend-1
  1. Majority of traders are still holding onto Shorts. This means we should continue to Buy EURJPY.
  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 number of profitable buyers has exceeded 75%. The uptrend is in its active phase. This confirms potential for a Long trade.
  4. MVP line is below the price and acts as a support level.
  5. We are focused on the breakdown of the previous peak, the target at the level of 130.85.
    index: 1x 0.036358833312988s
t_/pages/forecast: 1x 0.03265905380249s
t_/common/header-new: 1x 0.020102024078369s
t_/common/head: 1x 0.01662802696228s
t_/common/footer-new: 1x 0.0025069713592529s
router_page: 1x 0.0015769004821777s
router: 1x 0.00073599815368652s
t_/popups/on-download: 1x 0.00058412551879883s
service-routes: 1x 0.00030303001403809s
router_redirection: 1x 0.00014495849609375s
t_/common/cookie-banner: 1x 2.3126602172852E-5s
t_/popups/zoom: 1x 1.5020370483398E-5s
----- END OF DUMP (2023-03-27 01:15:03)  -----