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 0.030162811279297s
t_/pages/forecast: 1x 0.02814507484436s
t_/common/header-new: 1x 0.018205881118774s
t_/common/head: 1x 0.01366400718689s
t_/common/footer-new: 1x 0.0025970935821533s
router_page: 1x 0.00084590911865234s
t_/popups/on-download: 1x 0.00055694580078125s
router: 1x 0.00053286552429199s
t_/common/cookie-banner: 1x 0.00041079521179199s
service-routes: 1x 0.00026893615722656s
router_redirection: 1x 0.00016617774963379s
t_/blocks/sidebar-afil: 1x 0.00014305114746094s
t_/popups/zoom: 1x 1.8835067749023E-5s
----- END OF DUMP (2025-10-11 21:59:10)  -----