The market has stabilized, the first signs of an uptrend appeared

October 12, 2020 8:28:08 AM by Alex Zarevich
Forecast Details
PairAUDUSD
Direction Buy
StatusClosed (0.7155)
8:24
8:24
Oct. 12, 2020

+130 p
0.7330
Target 2
+95 p
0.7295
Target 1
0.7200
Entry
-75 p
0.7125
Stop Loss
Chart & Analyst Comments
main-buy-trend-2
  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. The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  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 0.038139820098877s
t_/pages/forecast: 1x 0.033374071121216s
t_/common/header-new: 1x 0.02131199836731s
t_/common/head: 1x 0.018014907836914s
t_/common/footer-new: 1x 0.0026788711547852s
router_page: 1x 0.0023641586303711s
router: 1x 0.0011169910430908s
t_/popups/on-download: 1x 0.00053715705871582s
service-routes: 1x 0.0004880428314209s
router_redirection: 1x 0.00020694732666016s
t_/popups/zoom: 1x 1.4066696166992E-5s
----- END OF DUMP (2023-01-27 08:12:01)  -----