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

August 15, 2019 5:20:02 AM by Alexander Zorevyk
Forecast Details
PairAUDUSD
Direction Sell
StatusClosed (0.678)
5:16
5:16
Aug. 15, 2019

-50 p
0.6830
Stop Loss
0.6780
Entry
+50 p
0.6730
Target 1
+70 p
0.6710
Target 2
Chart & Analyst Comments
AUDUSD - Downward trend will continue, Short trade by market price recommended
  1. The Current Ratios indicator have reached critical value, too many traders expect an upward movement. In this case, we recommend selling only.
  2. In this sideways movement, buying prevails in the market crowd. There seem to be a major player interest in a downward movement.
  3. Price increase is accompanied by reversal signals for Profit Ratio.
  4. MVP line is above the price and acts as a resistance level.
  5. Take profit is set at the local price minimum.