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

February 11, 2021 9:44:43 AM by Alex Zarevich
Forecast Details
Direction Buy
StatusClosed (0.7740)
Feb. 11, 2021

+75 p
Target 2
+50 p
Target 1
-55 p
Stop Loss
Chart & Analyst Comments
  1. The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
  2. The increase in sellers is observed both in the upward movement and in the retracement movements. Retail traders still believe in the possibility of price decrease.
  3. MVP line is below the price and acts as a support level.
  4. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
  5. The rise in price will be accompanied by triggering of the market crowd’s Stop Losses, which in turn will serve as a “fuel” for the upward movement.
    index: 1x 0.034196853637695s
t_/pages/forecast: 1x 0.031812906265259s
t_/common/header-new: 1x 0.018725156784058s
t_/common/head: 1x 0.015623807907104s
t_/common/footer-new: 1x 0.0037829875946045s
router_page: 1x 0.0012390613555908s
router: 1x 0.00060892105102539s
t_/popups/on-download: 1x 0.00052905082702637s
service-routes: 1x 0.00026297569274902s
router_redirection: 1x 0.00010490417480469s
t_/popups/zoom: 1x 4.8160552978516E-5s
----- END OF DUMP (2022-12-09 11:28:12)  -----