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

October 29, 2021 12:15:44 PM by Alex Zarevich
Forecast Details
Direction Buy
StatusClosed (1.3730)
Oct. 29, 2021

+80 p
Target 2
+60 p
Target 1
-60 p
Stop Loss
Chart & Analyst Comments
  1. Analyzing the market sentiment with Current Ratio indicator, we see a formed signal that confirms our idea of Buy Order.
  2. Downward price movement is accompanied by reversal signals of Profit Ratio indicator.
  3. The activity of "fresh" sellers in a downtrend may indicate that the market expects the recovery of the bear trend. However, according to our analysis, this movement is corrective and we expect the price to go up
  4. MVP line is below the price and acts as a support level.
  5. The first target is at the level of the previous peak - 1.385, and the second one, in case of an active price increase, is at the level - 1.387
    index: 1x 0.035581827163696s
t_/pages/forecast: 1x 0.031996965408325s
t_/common/header-new: 1x 0.019783973693848s
t_/common/head: 1x 0.016665935516357s
t_/common/footer-new: 1x 0.0025289058685303s
router_page: 1x 0.0015580654144287s
router: 1x 0.00074982643127441s
t_/popups/on-download: 1x 0.00050902366638184s
service-routes: 1x 0.00034499168395996s
router_redirection: 1x 0.00017094612121582s
t_/popups/zoom: 1x 1.3828277587891E-5s
----- END OF DUMP (2023-01-31 10:41:01)  -----