Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity

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

October 28, 2019 7:40:59 AM by Patrick Yang
Forecast Details
Direction Sell
StatusClosed (0.6920)
Oct. 28, 2019
Nov. 4, 2019

-140 p
Stop Loss
+140 p
Target 1
Chart & Analyst Comments

We are expecting downward trend to continue for AUDUSD currency pair. Short trades only. See below for the summary of analysis:

  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. The dynamics of the Ratios indicator signals for Short opportunities. Pay attention to the area marked on the image.
  3. The decrease in the sellers volume, together with the increase in the buyers volume, confirms the need to Sell according to our trading idea.
  4. MVP line is above the price and acts as a resistance level.
  5. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
    index: 1x 0.036284208297729s
t_/pages/forecast: 1x 0.03290581703186s
t_/common/header-new: 1x 0.020803928375244s
t_/common/head: 1x 0.017022848129272s
t_/common/footer-new: 1x 0.002640962600708s
router_page: 1x 0.0016698837280273s
router: 1x 0.00073385238647461s
t_/popups/on-download: 1x 0.00058388710021973s
service-routes: 1x 0.00029301643371582s
router_redirection: 1x 0.00014114379882812s
t_/popups/zoom: 1x 1.4066696166992E-5s
----- END OF DUMP (2022-07-05 18:54:07)  -----