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

January 29, 2020 7:14:01 AM by Alex Zarevich
Forecast Details
PairAUDUSD
Direction Sell
StatusClosed (0.6725)
7:05
7:05
Jan. 29, 2020

-50 p
0.6815
Stop Loss
0.6765
Entry
+50 p
0.6715
Target 1
Chart & Analyst Comments
main-sell-market-trend-1
  1. The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  2. The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
  3. The dynamics of the Ratios indicator signals for Short opportunities. Pay attention to the area marked on the image.
  4. MVP line is above the price and acts as a resistance level.
  5. Visually assessing the ratio of buyers and sellers, we see that retail buyers dominate on the market. This fact favors the Short Orders.
    index: 1x 0.035027027130127s
t_/pages/forecast: 1x 0.031398057937622s
t_/common/header-new: 1x 0.019979953765869s
t_/common/head: 1x 0.016423225402832s
t_/common/footer-new: 1x 0.0025711059570312s
router_page: 1x 0.0016410350799561s
router: 1x 0.00072097778320312s
t_/popups/on-download: 1x 0.00054192543029785s
service-routes: 1x 0.00030016899108887s
router_redirection: 1x 0.00013399124145508s
t_/popups/zoom: 1x 5.1021575927734E-5s
----- END OF DUMP (2023-01-27 07:56:01)  -----