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

May 14, 2019 6:15:32 PM by Alex Zarevich
Forecast Details
PairAUDJPY
Direction Sell
StatusClosed (75.50)
18:03
18:03
May 14, 2019

-60 p
76.70
Stop Loss
76.10
Entry
+60 p
75.50
Target 1
Chart & Analyst Comments
main-sell-market-trend-1
  1. The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  2. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  3. The activity of "fresh" buyers in an uptrend may indicate that the market expects the recovery of the bull trend. However, according to our analysis, this movement is corrective and we expect the price to go down.
  4. Visually assessing the ratio of buyers and sellers, we see that retail buyers dominate on the market. This fact favors the Short Orders.
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