EN

The market has stabilized, the first signs of a downtrend appeared

September 2, 2019 7:18:04 AM by Patrick Yang
Forecast Details
PairEURUSD
Direction Sell
StatusClosed (1.1025)
Start
End
Sep. 2, 2019
Sep. 9, 2019
-120 p
1.1170
Stop Loss
1.1050
Entry
+120 p
1.0930
Target 1
Chart & Analyst Comments
main-sell-trend-2
  1. The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  2. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  3. MVP line is above the price and acts as a resistance level.
  4. We see an accumulation of loss buyers above the current price in the right Order Book. This cluster can act as a resistance.
    index: 1x 0.033931970596313s
t_/pages/forecast: 1x 0.031025886535645s
t_/common/header-new: 1x 0.019450902938843s
t_/common/head: 1x 0.015991926193237s
t_/common/footer-new: 1x 0.0027151107788086s
router_page: 1x 0.0015320777893066s
router: 1x 0.00075721740722656s
t_/popups/on-download: 1x 0.000579833984375s
service-routes: 1x 0.00030398368835449s
router_redirection: 1x 0.00012898445129395s
t_/popups/zoom: 1x 3.504753112793E-5s
----- END OF DUMP (2022-12-09 11:33:12)  -----