Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity
EN

AUDUSD - Downward trend will continue, Short trade by market price recommended

July 12, 2022 8:21:46 AM by Alexander Zorevyk
Forecast Details
PairAUDUSD
Direction Sell
StatusClosed (0.6785)
8:21
8:21
Jul. 12, 2022
-70 p
0.6785
Stop Loss
0.6715
Entry
+65 p
0.6650
Target 1
Chart & Analyst Comments
main-sell-market-trend-1
  1. The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  2. We are seeing an increase in Buy positions by market crowd, who are replenishing an already large number of "locked up" losing Buy positions.
  3. The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
  4. Here is the crucial stop loss level to serve as a goal for our Sell trade idea.
    index: 1x 0.035506963729858s
t_/pages/forecast: 1x 0.031897783279419s
t_/common/header-new: 1x 0.020492792129517s
t_/common/head: 1x 0.016592025756836s
t_/common/footer-new: 1x 0.0027420520782471s
router_page: 1x 0.0017209053039551s
router: 1x 0.00094914436340332s
t_/popups/on-download: 1x 0.00069999694824219s
service-routes: 1x 0.00035405158996582s
router_redirection: 1x 0.00017118453979492s
t_/popups/zoom: 1x 1.4066696166992E-5s
----- END OF DUMP (2022-08-08 06:58:08)  -----