- The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
- We see a sharp increase in buy orders as indicated by a number of brokers, which may indicate an interest of a big market player. We are expecting a downward movement.
- In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
- The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
- These accumulation of retail traders stop losses coincide with the level of the previous low. This level will serve as the target for our trade.
AUDUSD - Downward trend will continue, Short trade by market price recommended
September 21, 2022 8:27:11 AM
Forecast Details
PairAUDUSD
Direction
Sell
StatusClosed (0.6600)
-70 p
0.6740
Stop Loss
0.6670
Entry
+70 p
0.6600
Target 1
Chart & Analyst Comments
