- The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
- We see a sharp increase in buy orders as indicated by a number of brokers, which may indicate an interest of a big market player. We are expecting a downward movement.
- The decrease in the sellers volume, together with the increase in the buyers volume, confirms the need to Sell according to our trading idea.
- The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
- The risk-to-profit ratio allows us to set Take Profit for a Short trade at 0.672
AUDUSD - Downward trend will continue, Short trade by market price recommended
September 5, 2022 6:55:11 AM
Forecast Details
PairAUDUSD
Direction
Sell
StatusClosed (0.6720)
-75 p
0.6870
Stop Loss
0.6795
Entry
+75 p
0.6720
Target 1
Chart & Analyst Comments
