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

April 10, 2019 5:36:13 AM by Alexander Zorevyk
Forecast Details
PairAUDUSD
Direction Buy
StatusClosed (0.718)
6:03
6:00
Apr. 10, 2019

+40 p
0.7180
Target 1
0.7140
Entry
-40 p
0.7100
Stop Loss
Chart & Analyst Comments
AUDUSD - Upward trend will continue, Long trade by market price recommended

For today's forecast, we recommend a Buy Order at this recommended market price - 0.714. This idea is based on the following analysis:

  1. According to the most brokers’ data, more than half of the traders are currently in short positions on AUDUSD. As a result, we recommend considering only Long trades at this time.
  2. Downward movement is accompanied by the activity of sellers who will serve as a "fuel" for upward price movement.
  3. Downward price movement is accompanied by reversal signals of Profit Ratio indicator.