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

September 27, 2021 8:33:13 AM by Alexander Zorevyk
Forecast Details
PairAUDUSD
Direction Sell
StatusClosed (0.7265)
8:31
8:31
Sep. 27, 2021

-65 p
0.7330
Stop Loss
0.7265
Entry
+65 p
0.7200
Target 1
+90 p
0.7175
Target 2
Chart & Analyst Comments
AUDUSD - Downward trend will continue, Short trade by market price recommended
  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. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  4. MVP line is above the price and acts as a resistance level.
  5. The first target is at the level of the previous bottom - 0.72, and the second one, in case of an active price decrease, is at the level - 0.7175