The market has stabilized, the first signs of an uptrend appeared

December 1, 2020 8:26:17 AM by Alexander Zorevyk
Forecast Details
PairGBPUSD
Direction Buy
StatusClosed (1.342)
8:18
8:18
Dec. 1, 2020

+95 p
1.3450
Target 2
+65 p
1.3420
Target 1
1.3355
Entry
-65 p
1.3290
Stop Loss
Chart & Analyst Comments
The market has stabilized, the first signs of an uptrend appeared
  1. The Current Ratio indicator, which is used for quick market sentiment analysis, provides Buy signal at the moment.
  2. In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
  3. The idea of ​​this Buy forecast is based on a long-term upntrend, which is confirmed by the MVP indicator dynamics.
  4. The first target is at the level of the previous peak - 1.342, and the second one, in case of an active price increase, is at the level - 1.345