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

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

June 24, 2022 6:33:29 AM by Alexander Zorevyk
Forecast Details
Direction Sell
StatusClosed (0.6950)
Jun. 24, 2022

-75 p
Stop Loss
+70 p
Target 1
+110 p
Target 2
Chart & Analyst Comments
  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. In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
  3. MVP line is above the price and acts as a resistance level.
  4. We see an accumulation of loss buyers above the current price in the right Order Book. This cluster can act as a resistance.
  5. The drop in price will be accompanied by triggering of the market crowd’s Stop Losses, which in turn will serve as a “fuel” for the downward movement.
    index: 1x 0.034487009048462s
t_/pages/forecast: 1x 0.031278848648071s
t_/common/header-new: 1x 0.019681930541992s
t_/common/head: 1x 0.016139984130859s
t_/common/footer-new: 1x 0.0025179386138916s
router_page: 1x 0.0016508102416992s
router: 1x 0.00082683563232422s
t_/popups/on-download: 1x 0.00051498413085938s
service-routes: 1x 0.00030207633972168s
router_redirection: 1x 0.00013303756713867s
t_/popups/zoom: 1x 2.8848648071289E-5s
----- END OF DUMP (2022-08-08 06:51:08)  -----