AUDUSD - Downward trend will continue, Short trade by market price recommended
October 15, 2019 6:40:04 AM
Forecast Details
PairAUDUSD
Direction
Sell
StatusClosed (0.6725)
-50 p
0.6825
Stop Loss
0.6775
Entry
+50 p
0.6725
Target 1
+74 p
0.6700
Target 2
About Author
Alexander Zorevyk
Expert
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Chart & Analyst Comments
- Analyzing the market sentiment with Current Ratios indicator, we see a formed signal that confirms our idea of Sell Order.
- In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
- MVP line is above the price and acts as a resistance level.
- We see two clusters of stop losses below the price on which we set our first and second targets according to our forecast.