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

Alex Zarevich on FXSSI Alex Zarevich Expert
main-buy-market-trend-1
Forecast Details
PairAUDUSD
Publication Time8/9/24 7:39 AM
Direction Buy
Status Closed (0.6620)
7:39
7:39
Aug. 9, 2024
Forecast
+50 p
0.6645
Target 1
0.6595
Entry
-40 p
0.6555
Stop Loss
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Chart & Analyst Comments

main-buy-market-trend-1
  1. According to the Current Ratio indicator, the market crowd inclined to believe in a downward movement. We recommend Long trade for today.
  2. MVP line is below the price and acts as a support level.
  3. We should set the target of our trade at the closest level with a large number of Stop orders, as signaled by the SLC indicator.
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