- The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
- In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
- MVP line is above the price and acts as a resistance level.
- Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
- The SLC indicator displays a cluster of Stop Losses and Stop orders straight at the previous low level, which according to our forecast, is good for placing Take Profit.
AUDUSD - Downward trend will continue, Short trade by market price recommended
June 30, 2022 9:21:11 AM
Forecast Details
PairAUDUSD
Direction
Sell
StatusClosed (0.6800)
-75 p
0.6960
Stop Loss
0.6885
Entry
+70 p
0.6815
Target 1
+85 p
0.6800
Target 2
Chart & Analyst Comments
