Analysing Forex from The Market side & perspective.
The uptrend is still on the way. The Market has been up since May,15 and it almost back to the level before the pandemic. In The Market perspective, The Market has stopped out all of seller positions in its way up and there are many buyer positions at certain levels riding the trend to its fullest. As we can see in the chart that the closest buyer positions are at 1.1189 and 1.1101. We dont know when this trend will end but The Market might form a pullback in order to attract more buyers to get into positions before going up.
The uptrend is still on the way. The Market has been up since May,15 and it almost back to the level before the pandemic. In The Market perspective, The Market has stopped out all of seller positions in its way up and there are many buyer positions at certain levels riding the trend to its fullest. As we can see in the chart that the closest buyer positions are at 1.1189 and 1.1101. We dont know when this trend will end but The Market might form a pullback in order to attract more buyers to get into positions before going up.
