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

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

April 17, 2019 5:27:59 PM by Alexander Zorevyk
Forecast Details
Direction Buy
StatusClosed (111.90)
Apr. 17, 2019

+40 p
Target 1
-40 p
Stop Loss
Chart & Analyst Comments

Previous price movement provoked sellers to action, but having made a fake manoeuvre, it returned upwards. Now is a good time to enter the market with a Buy Order.

  1. According to the most brokers’ data, more than half of the traders are currently in short positions on USDJPY. As a result, we recommend considering only Long trades at this time.
  2. The decrease in the buyers volume, together with the increase in the sellers volume, confirms the need to Buy, according to our trading idea.
  3. The Profit Ratio reversal indicator doesn't react on upward movement. This means that the movement is not fake.
  4. Visually assessing the ratio of buyers and sellers, we see that retail sellers dominate on the market. This fact favors the Long Orders.
  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.
    index: 1x 0.036509037017822s
t_/pages/forecast: 1x 0.033018112182617s
t_/common/header-new: 1x 0.020615816116333s
t_/common/head: 1x 0.016796827316284s
t_/common/footer-new: 1x 0.0027329921722412s
router_page: 1x 0.0017819404602051s
router: 1x 0.00089097023010254s
t_/popups/on-download: 1x 0.00060606002807617s
service-routes: 1x 0.0003969669342041s
router_redirection: 1x 0.00017499923706055s
t_/popups/zoom: 1x 1.5974044799805E-5s
----- END OF DUMP (2022-08-08 08:11:08)  -----