- 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.
- The dynamics of the Ratios indicator signals for Short opportunities. Pay attention to the area marked on the image.
- The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
- MVP line is above the price and acts as a resistance level.
- After a slight upward price movement, profitable buyers actively begin to take profits, returning the price to its original position.
- The first target is at the level of the previous bottom - 0.6825, and the second one, in case of an active price decrease, is at the level - 0.6795
AUDUSD - Downward trend will continue, Short trade by market price recommended
August 31, 2022 6:12:10 AM
Forecast Details
PairAUDUSD
Direction
Sell
StatusClosed (0.6795)
-80 p
0.6975
Stop Loss
0.6895
Entry
+70 p
0.6825
Target 1
+100 p
0.6795
Target 2
Chart & Analyst Comments
