AUDUSD - the pair is about to leave the flat range

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 flat range
  1. The sentiment indicator CurrentRatio informs us that the market crowd is buying. As a result, we should only consider selling.
  2. The Current Ratios indicator demonstrates a change in the ratio of players in the market towards buyers. Their increase while the trend is still going downwards may indicate the activity of averaging traders. This can only serve as "fuel" for further downtrend.
  3. MVP line is above the price and acts as a resistance level.
  4. The Profit Ratio indicator is not responding to a downward movement, this means that the movement is valid.
  5. Here is the crucial stop loss level to serve as a goal for our trading idea.