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

June 27, 2019 7:05:53 AM by Alexander Zorevyk
Forecast Details
PairAUDUSD
Direction Buy
StatusClosed (0.7012)
7:03
7:03
Jun. 27, 2019

+40 p
0.7030
Target 1
0.6990
Entry
-40 p
0.6950
Stop Loss
Chart & Analyst Comments
AUDUSD - Upward trend will continue, Long trade by market price recommended
  1. Analyzing the market sentiment with Current Ratio indicator, we see a formed signal that confirms our idea of Buy Order.
  2. The Ratios indicator shows the change in the ratio of market players towards sellers. Their increase while the uptrend may indicate the activity of averaging traders. This can serve as "fuel" for further uptrend.
  3. We are focused on the breakdown of the previous peak, the target at the level of 0.703.
  4. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.