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

October 4, 2021 6:29:32 PM by Alex Zarevich
Forecast Details
Direction Sell
StatusClosed (1.5890)
Oct. 4, 2021

-60 p
Stop Loss
+60 p
Target 1
+80 p
Target 2
Chart & Analyst Comments
  1. According to the most brokers’ data, more than half of the traders are currently in long positions on EURAUD. As a result, we recommend considering only Short trades at this time.
  2. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  3. MVP line is above the price and acts as a resistance level.
  4. In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
  5. The first target is at the level of the previous bottom - 1.589, and the second one, in case of an active price decrease, is at the level - 1.587
    index: 1x 0.039870977401733s
t_/pages/forecast: 1x 0.035120964050293s
t_/common/header-new: 1x 0.023717164993286s
t_/common/head: 1x 0.020195007324219s
router_page: 1x 0.0025529861450195s
t_/common/footer-new: 1x 0.0024769306182861s
router: 1x 0.0011558532714844s
t_/popups/on-download: 1x 0.00050497055053711s
service-routes: 1x 0.00049018859863281s
router_redirection: 1x 0.0002140998840332s
t_/popups/zoom: 1x 2.9087066650391E-5s
----- END OF DUMP (2023-01-31 10:31:01)  -----