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

April 10, 2020 8:52:43 AM by Alexander Zorevyk
Forecast Details
Direction Buy
StatusClosed (1.2520)
Apr. 10, 2020

+60 p
Target 1
-60 p
Stop Loss
Chart & Analyst Comments
  1. The current market situation looks like the attempt of sellers to average or enter the market at the peak. This is confirmed by the Current Ratio indicator.
  2. MVP line is below the price and acts as a support level.
  3. In the left orderbook, we see a cluster of stop losses and stop orders right at the level of the previous peak. This is a good level for placing take profit according to our forecast.
    index: 1x 0.049329042434692s
t_/pages/forecast: 1x 0.045135021209717s
t_/common/header-new: 1x 0.029163837432861s
t_/common/head: 1x 0.023682832717896s
t_/common/footer-new: 1x 0.0038979053497314s
router_page: 1x 0.0022280216217041s
router: 1x 0.0010800361633301s
t_/popups/on-download: 1x 0.00083017349243164s
service-routes: 1x 0.00044488906860352s
router_redirection: 1x 0.0002131462097168s
t_/popups/zoom: 1x 1.978874206543E-5s
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