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

July 9, 2020 7:42:43 PM by Alex Zarevich
Forecast Details
PairAUDUSD
Direction Buy
StatusClosed (0.6955)
19:36
19:36
Jul. 9, 2020

+55 p
0.7010
Target 1
0.6955
Entry
-55 p
0.6900
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. Analyzing the market sentiment with Current Ratio indicator, we see a formed signal that confirms our idea of Buy Order.
  2. In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
  3. The idea of ​​this Buy forecast is based on a long-term upntrend, which is confirmed by the MVP indicator dynamics.
  4. We see an accumulation of loss sellers below the current price in the right Order Book. This cluster can act as a support.
  5. The given Stop Losses of market participants are on the same level as the previous high, which will serve as the target for our trade.
    index: 1x 0.040835857391357s
t_/pages/forecast: 1x 0.035806894302368s
t_/common/header-new: 1x 0.023174047470093s
t_/common/head: 1x 0.018846035003662s
t_/common/footer-new: 1x 0.0028479099273682s
router_page: 1x 0.0025417804718018s
router: 1x 0.0012171268463135s
service-routes: 1x 0.00054693222045898s
t_/popups/on-download: 1x 0.00054287910461426s
router_redirection: 1x 0.00024890899658203s
t_/popups/zoom: 1x 3.6001205444336E-5s
----- END OF DUMP (2022-12-09 12:16:12)  -----