Black Friday Deal Black Friday Offer: Get a Lifetime Plan With 70% Discount! See Pricing Only till NOV, 28

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

April 24, 2020 6:21:20 AM by Jacob Powell
Forecast Details
Direction Sell
StatusClosed (1.0830)
Apr. 24, 2020

-60 p
Stop Loss
+55 p
Target 1
Chart & Analyst Comments
  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 0.037511110305786s
t_/pages/forecast: 1x 0.034327983856201s
t_/common/header-new: 1x 0.02341103553772s
t_/common/head: 1x 0.019531011581421s
t_/common/footer-new: 1x 0.0024220943450928s
router_page: 1x 0.0016779899597168s
router: 1x 0.00086593627929688s
t_/popups/on-download: 1x 0.00047707557678223s
service-routes: 1x 0.00033783912658691s
router_redirection: 1x 0.00018095970153809s
t_/popups/zoom: 1x 2.288818359375E-5s
----- END OF DUMP (2022-11-26 19:19:11)  -----