The market has stabilized, the first signs of an uptrend appeared
December 1, 2020 8:26:17 AM
Forecast Details
PairGBPUSD
Direction
Buy
StatusClosed (1.342)
+95 p
1.3450
Target 2
+65 p
1.3420
Target 1
1.3355
Entry
-65 p
1.3290
Stop Loss
About Author
Alexander Zorevyk
Expert
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Total votes: 6
Buy or Sell
Chart & Analyst Comments
- The Current Ratio indicator, which is used for quick market sentiment analysis, provides Buy signal at the moment.
- In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
- The idea of this Buy forecast is based on a long-term upntrend, which is confirmed by the MVP indicator dynamics.
- 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
