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

AUDUSD - Upward trend will continue, Long trade by market price recommended

August 4, 2020 2:11:38 PM by Alexander Zorevyk
Forecast Details
PairAUDUSD
Direction Buy
StatusClosed (0.7190)
14:10
14:10
Aug. 4, 2020

+90 p
0.7220
Target 2
+60 p
0.7190
Target 1
0.7130
Entry
-70 p
0.7060
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. According to the most brokers’ data, more than half of the traders are currently in short positions on AUDUSD. As a result, we recommend considering only Long trades at this time.
  2. In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
  3. MVP line is below the price and acts as a support level.
  4. The rise in price will be accompanied by triggering of the market crowd’s Stop Losses, which in turn will serve as a “fuel” for the upward movement.
    index: 1x 0.041269063949585s
t_/pages/forecast: 1x 0.036942958831787s
t_/common/header-new: 1x 0.024709939956665s
t_/common/head: 1x 0.02078104019165s
t_/common/footer-new: 1x 0.0029678344726562s
router_page: 1x 0.0023329257965088s
router: 1x 0.0011069774627686s
t_/popups/on-download: 1x 0.00063204765319824s
service-routes: 1x 0.00048589706420898s
router_redirection: 1x 0.00023698806762695s
t_/popups/zoom: 1x 1.6927719116211E-5s
----- END OF DUMP (2022-08-13 01:17:08)  -----