AUDUSD - Upward trend will continue, Long trade by market price recommended
September 10, 2020 7:33:48 AM
Forecast Details
PairAUDUSD
Direction
Buy
StatusClosed (0.732)
+65 p
0.7335
Target 2
+50 p
0.7320
Target 1
0.7270
Entry
-50 p
0.7220
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: 0
Buy or Sell
Chart & Analyst Comments
- 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.
- The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
- MVP line is below the price and acts as a support level.
- The first target is at the level of the previous peak - 0.732, and the second one, in case of an active price increase, is at the level - 0.7335
