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

The market has stabilized, the first signs of a downtrend appeared

May 27, 2019 4:52:26 PM by Patrick Yang
Forecast Details
PairUSDJPY
Direction Sell
StatusClosed (108.75)
Start
End
May 27, 2019
Jun. 3, 2019

-85 p
110.60
Stop Loss
109.75
Entry
+100 p
108.75
Target 1
Chart & Analyst Comments
main-sell-trend-2

We are expecting downward trend to continue for USDJPY currency pair. Short trades only. See below for the summary of analysis:

  1. According to the most brokers’ data, more than half of the traders are currently in long positions on USDJPY. As a result, we recommend considering only Short trades at this time.
  2. MVP line is above the price and acts as a resistance level.
  3. The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
  4. We see an accumulation of loss buyers above the current price in the right Order Book. This cluster can act as a resistance.
    index: 1x 0.03675103187561s
t_/pages/forecast: 1x 0.032941102981567s
t_/common/header-new: 1x 0.020963907241821s
t_/common/head: 1x 0.017413139343262s
t_/common/footer-new: 1x 0.0027050971984863s
router_page: 1x 0.0020759105682373s
router: 1x 0.00098204612731934s
t_/popups/on-download: 1x 0.00051593780517578s
service-routes: 1x 0.00038290023803711s
router_redirection: 1x 0.00015807151794434s
t_/popups/zoom: 1x 6.8902969360352E-5s
----- END OF DUMP (2022-05-22 05:05:05)  -----