EN

GBPUSD - Upward trend will continue, Long trade by market price recommended

October 7, 2021 6:51:49 AM by Alex Zarevich
Forecast Details
PairGBPUSD
Direction Buy
StatusClosed (1.3600)
6:50
6:50
Oct. 7, 2021
+90 p
1.3680
Target 2
+65 p
1.3655
Target 1
1.3590
Entry
-65 p
1.3525
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. The ratio of buyers and sellers is close to parity, it's time to think about price turning up.
  2. When the price decreases, a signal is formed (orange labels), which implies an upward movement.
  3. The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
  4. The first target is at the level of the previous peak - 1.3655, and the second one, in case of an active price increase, is at the level - 1.368
    index: 1x 0.035863876342773s
t_/pages/forecast: 1x 0.032413005828857s
t_/common/header-new: 1x 0.019429922103882s
t_/common/head: 1x 0.016210079193115s
t_/common/footer-new: 1x 0.0027260780334473s
router_page: 1x 0.0015881061553955s
router: 1x 0.00082492828369141s
t_/popups/on-download: 1x 0.0005650520324707s
service-routes: 1x 0.00031805038452148s
router_redirection: 1x 0.00014305114746094s
t_/popups/zoom: 1x 1.5020370483398E-5s
----- END OF DUMP (2023-01-31 09:14:01)  -----