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

Alex Zarevich on FXSSI Alex Zarevich Expert
main-buy-market-trend-1
Forecast Details
PairAUDUSD
Publication Time2/24/25 7:06 AM
Direction Buy
Status Closed (0.6330)
7:06
7:06
Feb. 24, 2025
Forecast
+50 p
0.6430
Target 1
0.6380
Entry
-50 p
0.6330
Stop Loss
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Chart & Analyst Comments

main-buy-market-trend-1
  1. The ratio of buyers and sellers is close to parity, it's time to think about price turning up.
  2. The increase in sellers is observed both in the upward movement and in the retracement movements. Retail traders still believe in the possibility of price decrease.
  3. Price broke through the MVP line and rushed up. We consider this a sign for further AUDUSD price increase.
  4. Set Take profit at the local price maximum.
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