EN

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

Alex Zarevich on FXSSI Alex Zarevich Expert
main-sell-market-trend-1
Forecast Details
PairAUDUSD
Publication Time3/21/25 8:05 AM
Direction Sell
Status Closed (0.6295)
8:05
8:05
Mar. 21, 2025
Forecast
-70 p
0.6365
Stop Loss
0.6295
Entry
+70 p
0.6225
Target 1
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Chart & Analyst Comments

main-sell-market-trend-1
  1. According to the most brokers’ data, more than half of the traders are currently in long positions on AUDUSD. As a result, we recommend considering only Short trades at this time.
  2. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  3. Price broke through the MVP line and rushed down. We consider this a sign for further AUDUSD price decrease.
  4. The risk-to-profit ratio allows us to set Take Profit for a Short trade at 0.6225
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