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

February 8, 2022 7:48:57 AM by Jacob Powell
Forecast Details
Direction Buy
StatusClosed (1.1425)
Feb. 8, 2022

+100 p
Target 2
+75 p
Target 1
-70 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 Profit Ratio reversal indicator doesn't react on upward movement. This means that the movement is not fake.
  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. There are no more buyers above the current price who can hold back the upward movement.
  5. The SLC indicator displays a cluster of Stop Losses and Stop orders at the previous high level, which according to our forecast, is good for placing Take Profit.
    index: 1x 0.037652969360352s
t_/pages/forecast: 1x 0.03458309173584s
t_/common/header-new: 1x 0.022495031356812s
t_/common/head: 1x 0.018864870071411s
t_/common/footer-new: 1x 0.0026099681854248s
router_page: 1x 0.0017449855804443s
router: 1x 0.00077986717224121s
t_/popups/on-download: 1x 0.00053596496582031s
service-routes: 1x 0.00029993057250977s
router_redirection: 1x 0.00013899803161621s
t_/popups/zoom: 1x 3.814697265625E-5s
----- END OF DUMP (2022-05-19 02:22:05)  -----