EN

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

May 19, 2020 3:13:51 PM by Jacob Powell
Forecast Details
PairEURUSD
Direction Buy
StatusClosed (1.0984)
15:12
15:12
May 19, 2020
+65 p
1.1000
Target 1
1.0935
Entry
-55 p
1.0880
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. The ratio of buyers and sellers is close to parity, it's time to think about price turning up.
  2. We see a sharp increase in sell orders as indicated by a number of brokers, which may indicate an interest of a big market player. We are expecting an upward movement.
  3. MVP line is below the price and acts as a support level.
  4. We see an accumulation of loss sellers below the current price in the right Order Book. This cluster can act as a support.
    index: 1x 0.033493995666504s
t_/pages/forecast: 1x 0.030381917953491s
t_/common/header-new: 1x 0.019540071487427s
t_/common/head: 1x 0.016348123550415s
t_/common/footer-new: 1x 0.0025110244750977s
router_page: 1x 0.0016348361968994s
router: 1x 0.00078201293945312s
t_/popups/on-download: 1x 0.00051689147949219s
service-routes: 1x 0.00031781196594238s
router_redirection: 1x 0.00013208389282227s
t_/popups/zoom: 1x 4.3153762817383E-5s
----- END OF DUMP (2023-01-27 08:43:01)  -----