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

March 3, 2020 6:02:15 AM by Alexander Zorevyk
Forecast Details
PairEURAUD
Direction Buy
StatusClosed (1.696)
6:00
6:00
Mar. 3, 2020

+69 p
1.7100
Target 1
1.7030
Entry
-70 p
1.6960
Stop Loss
Chart & Analyst Comments
EURAUD - Upward trend will continue, Long trade by market price recommended
  1. The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
  2. The Ratios indicator shows the change in the ratio of market players towards sellers. Their increase while the uptrend may indicate the activity of averaging traders. This can serve as "fuel" for further uptrend.
  3. There is an increase in the number of bears on the downward movement, followed by correction. We consider this movement as a trap for sellers and look forward for a continuation of the uptrend.
  4. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.