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

March 8, 2019 8:22:27 AM by Alexander Zorevyk
Forecast Details
PairAUDUSD
Direction Sell
StatusClosed (0.705)
6:20
6:00
Mar. 8, 2019

-45 p
0.7055
Stop Loss
0.7010
Entry
+50 p
0.6960
Target 1
Chart & Analyst Comments
AUDUSD - Downward trend will continue, Short trade by market price recommended
  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. The Ratios indicator shows the change in the ratio of market players towards buyers. Their increase while the downtrend may indicate the activity of averaging traders. This can serve as "fuel" for further downtrend.
  3. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  4. MVP line is above the price and acts as a resistance level.
  5. This zone is of an interest of a big player. We are expecting the price decrease of AUDUSD and the achievement of this goal within the current day.