AUDUSD - Upward trend will continue, Long trade by market price recommended
July 9, 2020 7:42:43 PM
Forecast Details
PairAUDUSD
Direction
Buy
StatusClosed (0.6955)
+54 p
0.7010
Target 1
0.6955
Entry
-55 p
0.6900
Stop Loss
About Author
Alexander Zorevyk
Expert
Related Links
Buy or Sell
More Pairs
Thanks for Voting!
Buy
Sell
Look like you are with the Crowd.
Fix it with Sentiment Strategy
Fix it with Sentiment Strategy
Congratulations! According to Sentiment Strategy you’ve made a right
decision.
You've already voted this pair. You can vote again later (when?) or try voting other
pair.
Total votes: 9
Buy or Sell
Chart & Analyst Comments
- Analyzing the market sentiment with Current Ratio indicator, we see a formed signal that confirms our idea of Buy Order.
- In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
- The idea of this Buy forecast is based on a long-term upntrend, which is confirmed by the MVP indicator dynamics.
- We see an accumulation of loss sellers below the current price in the right Order Book. This cluster can act as a support.
- 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.
