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

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

October 5, 2020 8:21:20 AM by Jacob Powell
Forecast Details
Direction Buy
StatusClosed (1.1795)
Oct. 5, 2020

+80 p
Target 2
+60 p
Target 1
-65 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 EURUSD. As a result, we recommend considering only Long trades at this time.
  2. The dynamics of the Ratios indicator signals for Long opportunities. Pay attention to the area marked on the image.
  3. The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
  4. MVP line is below the price and acts as a support level.
  5. The first target is at the level of the previous peak - 1.1795, and the second one, in case of an active price increase, is at the level - 1.1815
    index: 1x 0.040714025497437s
t_/pages/forecast: 1x 0.036712884902954s
t_/common/header-new: 1x 0.02368688583374s
t_/common/head: 1x 0.01958703994751s
t_/common/footer-new: 1x 0.0029299259185791s
router_page: 1x 0.0024840831756592s
router: 1x 0.00089597702026367s
t_/popups/on-download: 1x 0.00057101249694824s
service-routes: 1x 0.00030708312988281s
router_redirection: 1x 0.00014209747314453s
t_/popups/zoom: 1x 4.4822692871094E-5s
----- END OF DUMP (2022-08-11 07:42:08)  -----