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

April 7, 2021 3:12:49 PM by Alex Zarevich
Forecast Details
PairAUDUSD
Direction Sell
StatusClosed (0.7640)
15:11
15:11
Apr. 7, 2021

-70 p
0.7710
Stop Loss
0.7640
Entry
+80 p
0.7560
Target 1
+110 p
0.7530
Target 2
Chart & Analyst Comments
main-sell-market-trend-1
  1. The ratio of buyers and sellers is close to parity, it's time to think about price turning down.
  2. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  3. In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
  4. The first target is at the level of the previous bottom - 0.756, and the second one, in case of an active price decrease, is at the level - 0.753
    index: 1x 0.035018920898438s
t_/pages/forecast: 1x 0.031556129455566s
t_/common/header-new: 1x 0.020303964614868s
t_/common/head: 1x 0.016685962677002s
t_/common/footer-new: 1x 0.0024881362915039s
router_page: 1x 0.0017001628875732s
router: 1x 0.00072193145751953s
t_/popups/on-download: 1x 0.00049304962158203s
service-routes: 1x 0.00030994415283203s
router_redirection: 1x 0.00014805793762207s
t_/popups/zoom: 1x 3.0994415283203E-5s
----- END OF DUMP (2023-01-27 08:26:01)  -----