AUDUSD - the pair is about to leave the range of flat

March 14, 2019 8:28:30 AM by Alexander Zorevyk
Forecast Details
PairAUDUSD
Direction Sell
StatusClosed (0.7095)
6:17
6:00
Mar. 14, 2019

-35 p
0.7095
Stop Loss
0.7060
Entry
+30 p
0.7030
Target 1
Chart & Analyst Comments
AUDUSD - the pair is about to leave the range of flat
  1. Since the CurrentRatio sentiment indicator informs us that the market crowd is buying, we should consider sticking to Sell Orders.
  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. MVP line is above the price and acts as a resistance level.
  4. The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
  5. Here is the crucial stop loss level to serve as a goal for our Sell trade idea.