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

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

March 12, 2019 8:47:28 AM by Patrick Yang
Forecast Details
Direction Sell
StatusClosed (1.1355)
Mar. 11, 2019
Mar. 18, 2019

-100 p
Stop Loss
+85 p
Target 1
+120 p
Target 2
Chart & Analyst Comments
  1. Analyzing the market sentiment with Current Ratio indicator, we see a formed signal that confirms our idea of Sell Order.
  2. The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
  3. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  4. MVP line is above the price and acts as a resistance level.
  5. Here is the crucial stop loss level to serve as a goal for our Sell trade idea.
    index: 1x 0.17087483406067s
t_/pages/forecast: 1x 0.16670799255371s
t_/common/header-new: 1x 0.14539909362793s
t_/common/head: 1x 0.017734050750732s
t_/common/footer-new: 1x 0.0026729106903076s
router_page: 1x 0.0016000270843506s
router: 1x 0.0008389949798584s
t_/popups/on-download: 1x 0.00050902366638184s
service-routes: 1x 0.00036191940307617s
router_redirection: 1x 0.00016188621520996s
t_/popups/zoom: 1x 3.6001205444336E-5s
----- END OF DUMP (2022-08-08 18:36:08)  -----