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

AUDUSD - Downward trend will continue, Short trade by market price recommended

September 5, 2022 6:55:11 AM by Alexander Zorevyk
Forecast Details
Direction Sell
StatusClosed (0.6720)
Sep. 5, 2022

-75 p
Stop Loss
+75 p
Target 1
Chart & Analyst Comments
  1. The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  2. 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.
  3. The decrease in the sellers volume, together with the increase in the buyers volume, confirms the need to Sell according to our trading idea.
  4. The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
  5. The risk-to-profit ratio allows us to set Take Profit for a Short trade at 0.672
    index: 1x 0.032394886016846s
t_/pages/forecast: 1x 0.029778003692627s
t_/common/header-new: 1x 0.018743991851807s
t_/common/head: 1x 0.015921115875244s
t_/common/footer-new: 1x 0.0024960041046143s
router_page: 1x 0.0012290477752686s
router: 1x 0.0006861686706543s
t_/popups/on-download: 1x 0.00053310394287109s
service-routes: 1x 0.0002601146697998s
router_redirection: 1x 0.00011396408081055s
t_/popups/zoom: 1x 1.215934753418E-5s
----- END OF DUMP (2022-10-05 06:01:10)  -----