- The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
- We are seeing an increase in Buy positions by market crowd, who are replenishing an already large number of "locked up" losing Buy positions.
- The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
- Here is the crucial stop loss level to serve as a goal for our Sell trade idea.
AUDUSD - Downward trend will continue, Short trade by market price recommended
July 12, 2022 8:21:46 AM
Forecast Details
PairAUDUSD
Direction
Sell
StatusClosed (0.6785)
-70 p
0.6785
Stop Loss
0.6715
Entry
+65 p
0.6650
Target 1
Chart & Analyst Comments
