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

July 30, 2020 7:37:28 AM by Alexander Zorevyk
Forecast Details
Direction Buy
StatusClosed (0.7220)
Jul. 30, 2020

+90 p
Target 2
+60 p
Target 1
-70 p
Stop Loss
Chart & Analyst Comments

For today's forecast, we recommend a Buy Order at this recommended market price - 0.713. This idea is based on the following analysis:

  1. According to the most brokers’ data, more than half of the traders are currently in short positions on AUDUSD. As a result, we recommend considering only Long trades at this time.
  2. MVP line is below the price and acts as a support level.
  3. The first target is at the level of the previous peak - 0.719, and the second one, in case of an active price increase, is at the level - 0.722
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