The market has stabilized, the first signs of an uptrend appeared
May 1, 2020 6:39:38 AM
Forecast Details
PairAUDUSD
Direction
Buy
StatusClosed (0.641)
+105 p
0.6535
Target 2
+70 p
0.6500
Target 1
0.6430
Entry
-65 p
0.6365
Stop Loss
About Author
Alexander Zorevyk
Expert
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Total votes: 10
Buy or Sell
Chart & Analyst Comments
- The Current Ratio indicator, which is used for quick market sentiment analysis, provides Buy signal at the moment.
- The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
- After a slight downward price movement, profitable sellers actively begin to take profits, returning the price to its original position.
- We are putting our take profit at the top of the profitable sellers zone.
