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

June 1, 2022 10:19:04 AM by Alexander Zorevyk
Forecast Details
PairEURAUD
Direction Sell
StatusClosed (1.4815)
10:19
10:19
Jun. 1, 2022

-60 p
1.4965
Stop Loss
1.4905
Entry
+60 p
1.4845
Target 1
+90 p
1.4815
Target 2
Chart & Analyst Comments
main-sell-market-trend-1
  1. The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  2. Analyzing the positions ratio, we see that most traders are currently in Longs, which also combined with the original idea.
  3. The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
  4. The first target is at the level of the previous bottom - 1.4845, and the second one, in case of an active price decrease, is at the level - 1.4815
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