The market has stabilized, the first signs of an uptrend appeared
November 24, 2020 7:21:59 AM
Forecast Details
PairAUDUSD
Direction
Buy
StatusClosed (0.73)
+70 p
0.7370
Target 2
+50 p
0.7350
Target 1
0.7300
Entry
-50 p
0.7250
Stop Loss
About Author
Alexander Zorevyk
Expert
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Total votes: 6
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Chart & Analyst Comments
- The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
- In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
- The present level of MVP, which is below the current price, favors Buy Orders.
- The first target is at the level of the previous peak - 0.735, and the second one, in case of an active price increase, is at the level - 0.737
