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 Ratios indicator have reached critical value, too many traders expect an upward movement. In this case, we recommend selling only.
  2. 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.
  3. The activity of "fresh" buyers in a 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 to a big player. We look forward to reaching this zone today.