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

December 5, 2019 7:47:27 AM by Alexander Zorevyk
Forecast Details
PairEURAUD
Direction Buy
StatusClosed (1.633)
7:45
7:45
Dec. 5, 2019

+140 p
1.6330
Target 2
+69 p
1.6260
Target 1
1.6190
Entry
-75 p
1.6115
Stop Loss
Chart & Analyst Comments
EURAUD - Upward trend will continue, Long trade by market price recommended

A short-term Buy trade is recommended using a market order while sideways movement.

  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. We are seeing an increase in Sell positions by market crowd, who are replenishing an already large number of "locked up" losing Sell positions.
  3. The first target is at the level of the previous peak - 1.626, and the second one, in case of an active price increase, is at the level - 1.633