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

June 14, 2019 10:06:08 AM by Alexander Zorevyk
Forecast Details
PairAUDUSD
Direction Sell
StatusClosed (0.686)
10:03
10:03
Jun. 14, 2019

-40 p
0.6940
Stop Loss
0.6900
Entry
+39 p
0.6860
Target 1
Chart & Analyst Comments
AUDUSD - Downward trend will continue, Short trade by market price recommended

For today's forecast, we recommend a Sell Order at this recommended market price - 0.69. This idea is based on the following analysis:

  1. The Current Ratios indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  2. The Ratios indicator shows the change in the ratio of market players towards buyers. Their increase while the downtrend may indicate the activity of averaging traders. This can serve as "fuel" for further downtrend.
  3. The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
  4. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.