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

May 11, 2020 5:42:49 AM by Alexander Zorevyk
Forecast Details
PairUSDCHF
Direction Buy
StatusClosed (0.9725)
5:41
5:41
May 11, 2020

+74 p
0.9800
Target 2
+50 p
0.9775
Target 1
0.9725
Entry
-55 p
0.9670
Stop Loss
Chart & Analyst Comments
The market has stabilized, the first signs of an uptrend appeared
  1. The ratio of buyers and sellers is close to parity, it's time to think about price turning up.
  2. There is an increase in the number of bears on the downward movement, followed by correction. We consider this movement as a trap for sellers and look forward for a continuation of the uptrend.
  3. We see a sharp increase in sell orders as indicated by a number of brokers, which may indicate an interest of a big market player. We are expecting an upward movement.
  4. Here we see an accumulation of sellers "locked" with a loss positions. We consider this zone as a support.
  5. The price increase will be accompanied by the trigger of market crowd’s stop losses, which in turn will serve as a "fuel" for the upward movement.