Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity

USDJPY - Downward trend will continue, Short trade by market price recommended

October 14, 2020 7:33:09 AM by Alexander Zorevyk
Forecast Details
PairUSDJPY
Direction Sell
StatusClosed (105.20)
7:23
7:23
Oct. 14, 2020

-65 p
106.15
Stop Loss
105.50
Entry
+65 p
104.85
Target 1
Chart & Analyst Comments
main-sell-market-trend-1
  1. The Current Ratio indicator, which is used for quick market sentiment analysis, provides Sell signal at the moment.
  2. The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
  3. MVP line is above the price and acts as a resistance level.
  4. We are focused on the breakdown of the previous bottom, the target at the level of 104.85.
    index: 1x 0.033681869506836s
t_/pages/forecast: 1x 0.030678033828735s
t_/common/header-new: 1x 0.019742012023926s
t_/common/head: 1x 0.016071081161499s
t_/common/footer-new: 1x 0.0025649070739746s
router_page: 1x 0.0016629695892334s
router: 1x 0.00078296661376953s
t_/popups/on-download: 1x 0.00050806999206543s
service-routes: 1x 0.00032401084899902s
router_redirection: 1x 0.0001530647277832s
t_/popups/zoom: 1x 3.3140182495117E-5s
----- END OF DUMP (2022-07-05 18:38:07)  -----