AUDUSD - Downward trend will continue, Short trade by market price recommended
October 2, 2019 6:27:01 AM
Forecast Details
PairAUDUSD
Direction
Sell
StatusClosed (0.671)
-70 p
0.6780
Stop Loss
0.6710
Entry
+65 p
0.6645
Target 1
About Author
Alexander Zorevyk
Expert
Related Links
Buy or Sell
More Pairs
Thanks for Voting!
Buy
Sell
Look like you are with the Crowd.
Fix it with Sentiment Strategy
Fix it with Sentiment Strategy
Congratulations! According to Sentiment Strategy you’ve made a right
decision.
You've already voted this pair. You can vote again later (when?) or try voting other
pair.
Total votes: 6
Buy or Sell
Chart & Analyst Comments
- The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
- The Ratios indicator demonstrates a market shift towards buyers. Their increase while the upward movement may indicate a successfully triggered trap. Possible price downward reversal.
- The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
- We are focused on the breakdown of the previous bottom, the target at the level of 0.6645.
