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

EURUSD - Downward trend will continue, Short trade by market price recommended

April 24, 2020 6:21:20 AM by Jacob Powell
Forecast Details
PairEURUSD
Direction Sell
StatusClosed (1.0830)
6:04
6:04
Apr. 24, 2020
-60 p
1.0830
Stop Loss
1.0770
Entry
+55 p
1.0715
Target 1
Chart & Analyst Comments
main-sell-market-trend-1
  1. The Current Ratio indicator, which is used for quick market sentiment analysis, provides Sell signal at the moment.
  2. We see a sharp increase in buy orders as indicated by a number of brokers, which may indicate an interest of a big market player. We are expecting a downward movement.
  3. MVP line is above the price and acts as a resistance level.
  4. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
  5. The price decrease will be accompanied by the trigger of market crowds’ stop losses, which in turn will serve as a "fuel" for the downward movement.
    index: 1x 0.033720016479492s
t_/pages/forecast: 1x 0.030732870101929s
t_/common/header-new: 1x 0.019493103027344s
t_/common/head: 1x 0.016158819198608s
t_/common/footer-new: 1x 0.0026111602783203s
router_page: 1x 0.0015549659729004s
router: 1x 0.00078892707824707s
t_/popups/on-download: 1x 0.00051593780517578s
service-routes: 1x 0.00032615661621094s
router_redirection: 1x 0.0001671314239502s
t_/popups/zoom: 1x 3.9100646972656E-5s
----- END OF DUMP (2022-08-11 08:39:08)  -----