Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity

AUDUSD - Upward trend will continue, Long trade by market price recommended

May 19, 2020 6:19:58 AM by Alexander Zorevyk
Forecast Details
Direction Buy
StatusClosed (0.6565)
May 19, 2020

+75 p
Target 2
+45 p
Target 1
-50 p
Stop Loss
Chart & Analyst Comments
  1. According to the most brokers’ data, more than half of the traders are currently in short positions on AUDUSD. As a result, we recommend considering only Long trades at this time.
  2. The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  3. When the price decreases, a signal is formed (orange labels), which implies an upward movement.
  4. MVP line is below the price and acts as a support level.
  5. Set Take Profit at the local high, beyond which there is a cluster of orders.
    index: 1x 0.035939931869507s
t_/pages/forecast: 1x 0.032598972320557s
t_/common/header-new: 1x 0.020385980606079s
t_/common/head: 1x 0.016633987426758s
t_/common/footer-new: 1x 0.0027360916137695s
router_page: 1x 0.0018508434295654s
router: 1x 0.00075078010559082s
t_/popups/on-download: 1x 0.00055503845214844s
service-routes: 1x 0.00030779838562012s
router_redirection: 1x 0.00014495849609375s
t_/popups/zoom: 1x 3.3855438232422E-5s
----- END OF DUMP (2022-08-08 08:30:08)  -----