AUDUSD - Upward trend will continue, Long trade by market price recommended

October 8, 2020 9:12:11 PM by Alex Zarevich
Forecast Details
PairAUDUSD
Direction Buy
StatusClosed (0.7240)
21:09
21:09
Oct. 8, 2020

+80 p
0.7240
Target 2
+50 p
0.7210
Target 1
0.7160
Entry
-70 p
0.7090
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. The Current Ratio indicator, which is used for quick market sentiment analysis, provides Buy signal at the moment.
  2. The increase in sellers is observed both in the upward movement and in the retracement movements. Retail traders still believe in the possibility of price decrease.
  3. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
  4. The rise in price will be accompanied by triggering of the market crowd’s Stop Losses, which in turn will serve as a “fuel” for the upward movement.
    index: 1x 0.041795969009399s
t_/pages/forecast: 1x 0.036607027053833s
t_/common/header-new: 1x 0.02342700958252s
t_/common/head: 1x 0.020057916641235s
t_/common/footer-new: 1x 0.0025100708007812s
router_page: 1x 0.0023970603942871s
router: 1x 0.0011630058288574s
t_/popups/on-download: 1x 0.00051689147949219s
service-routes: 1x 0.00048398971557617s
router_redirection: 1x 0.00020885467529297s
t_/popups/zoom: 1x 1.4066696166992E-5s
----- END OF DUMP (2023-01-27 07:37:01)  -----