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

January 29, 2021 7:28:22 AM by Alexander Zorevyk
Forecast Details
Direction Buy
StatusClosed (1.3740)
Jan. 29, 2021

+110 p
Target 2
+75 p
Target 1
-70 p
Stop Loss
Chart & Analyst Comments
  1. The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
  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. MVP line is below the price and acts as a support level.
  4. The first target is at the level of the previous peak - 1.3765, and the second one, in case of an active price increase, is at the level - 1.38
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