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

November 21, 2019 8:34:34 AM by Alex Zarevich
Forecast Details
PairUSDJPY
Direction Sell
StatusClosed (108.55)
8:30
8:30
Nov. 21, 2019

-55 p
109.10
Stop Loss
108.55
Entry
+55 p
108.00
Target 1
Chart & Analyst Comments
main-sell-market-trend-1

For today's forecast, we recommend a Sell Order at this recommended market price - 108.55. This idea is based on the following analysis:

  1. The Current Ratio indicator, which is used for quick market sentiment analysis, provides Sell signal at the moment.
  2. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
    index: 1x 0.036242961883545s
t_/pages/forecast: 1x 0.032938957214355s
t_/common/header-new: 1x 0.021953105926514s
t_/common/head: 1x 0.01704216003418s
t_/common/footer-new: 1x 0.0025670528411865s
router_page: 1x 0.0015251636505127s
router: 1x 0.00074601173400879s
t_/popups/on-download: 1x 0.00053000450134277s
service-routes: 1x 0.00029993057250977s
router_redirection: 1x 0.00013589859008789s
t_/popups/zoom: 1x 1.3828277587891E-5s
----- END OF DUMP (2023-01-31 10:55:01)  -----