AUDUSD - the pair is about to leave the flat range
February 4, 2019 6:42:58 AM
Forecast Details
PairAUDUSD
Direction
Sell
StatusClosed (0.726)
-45 p
0.7275
Stop Loss
0.7230
Entry
+40 p
0.7190
Target 1
About Author
Alexander Zorevyk
Expert
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Total votes: 16
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Chart & Analyst Comments
- The ratio of buyers and sellers is close to parity, it's time to think about price turning down.
- The Current Ratios indicator demonstrates a change in the ratio of players in the market towards buyers. Their increase while the trend is still going downwards may indicate the activity of averaging traders. This can only serve as "fuel" for further downtrend.
- The Profit Ratio indicator is not responding to a downward movement, this means that the movement is valid.
- MVP line is above the price and acts as a resistance level.
- In the left orderbook, we see a cluster of stop losses and stop orders right at the level of the previous support. This is a good level for placing take profit according to our forecast.