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

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

May 5, 2021 8:27:00 AM by Alexander Zorevyk
Forecast Details
PairEURAUD
Direction Sell
StatusClosed (1.5490)
8:20
8:20
May 5, 2021

-55 p
1.5595
Stop Loss
1.5540
Entry
+50 p
1.5490
Target 1
+80 p
1.5460
Target 2
Chart & Analyst Comments
main-sell-market-trend-1
  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. In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
  3. Upward price movement is accompanied by reversal signals of Profit Ratio indicator.
  4. Price broke through the MVP line and rushed down. We consider this a sign for further EURAUD price decrease.
  5. The first target is at the level of the previous bottom - 1.549, and the second one, in case of an active price decrease, is at the level - 1.546
    index: 1x 0.035905122756958s
t_/pages/forecast: 1x 0.032379865646362s
t_/common/header-new: 1x 0.020450115203857s
t_/common/head: 1x 0.016685962677002s
t_/common/footer-new: 1x 0.0026171207427979s
router_page: 1x 0.0016078948974609s
router: 1x 0.0007169246673584s
t_/popups/on-download: 1x 0.0005040168762207s
service-routes: 1x 0.0003049373626709s
router_redirection: 1x 0.00014090538024902s
t_/popups/zoom: 1x 3.0994415283203E-5s
----- END OF DUMP (2022-08-08 19:49:08)  -----