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

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

October 25, 2019 7:11:23 AM by Patrick Yang
Forecast Details
PairAUDJPY
Direction Sell
StatusClosed (74.90)
Start
End
Oct. 25, 2019
Nov. 1, 2019

-115 p
75.35
Stop Loss
74.20
Entry
+130 p
72.90
Target 1
Chart & Analyst Comments
main-sell-market-trend-1
  1. According to the most brokers’ data, more than half of the traders are currently in long positions on AUDJPY. As a result, we recommend considering only Short trades at this time.
  2. There is an increase in the number of bulls on the upward movement, followed by correction. We consider this movement as a trap for buyers and look forward for a continuation of the downtrend.
  3. MVP line is above the price and acts as a resistance level.
    index: 1x 0.034677028656006s
t_/pages/forecast: 1x 0.031235933303833s
t_/common/header-new: 1x 0.020002126693726s
t_/common/head: 1x 0.01639199256897s
t_/common/footer-new: 1x 0.0025849342346191s
router_page: 1x 0.0017609596252441s
router: 1x 0.000885009765625s
t_/popups/on-download: 1x 0.00049781799316406s
service-routes: 1x 0.00031208992004395s
router_redirection: 1x 0.00015401840209961s
t_/popups/zoom: 1x 1.5974044799805E-5s
----- END OF DUMP (2022-05-19 01:32:05)  -----