EN

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

Alex Zarevich on FXSSI Alex Zarevich Expert
main-sell-market-trend-1
Forecast Details
PairAUDUSD
Publication Time7/29/24 7:35 AM
Direction Sell
Status Closed (0.6500)
7:35
7:35
Jul. 29, 2024
Forecast
-30 p
0.6575
Stop Loss
0.6545
Entry
+25 p
0.6520
Target 1
+45 p
0.6500
Target 2
Related Links
How to use MT4/5 Indicators Tools
Recommended by FXSSI
XM Group
2009
Visit Website
Your capital is at risk. *T&Cs apply

Chart & Analyst Comments

main-sell-market-trend-1
  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. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  3. The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
  4. Set Take profit at the local price minimum.
    index: 1x 0.073788166046143s
t_/pages/forecast: 1x 0.063406944274902s
t_/common/header-new: 1x 0.039341926574707s
t_/common/head: 1x 0.02885913848877s
t_/common/footer-new: 1x 0.0068080425262451s
router_page: 1x 0.0038390159606934s
router: 1x 0.0020589828491211s
t_/blocks/sidebar-afil: 1x 0.0011460781097412s
t_/popups/on-download: 1x 0.0010111331939697s
t_/common/cookie-banner: 1x 0.00085592269897461s
service-routes: 1x 0.00070619583129883s
router_redirection: 1x 0.00030899047851562s
t_/popups/zoom: 1x 5.9127807617188E-5s
----- END OF DUMP (2025-02-05 16:04:02)  -----