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

May 7, 2019 11:19:12 AM by Alexander Zorevyk
Forecast Details
PairEURAUD
Direction Buy
StatusClosed (1.601)
11:15
11:15
May 7, 2019

+80 p
1.6050
Target 1
1.5970
Entry
-69 p
1.5900
Stop Loss
Chart & Analyst Comments
EURAUD - Upward trend will continue, Long trade by market price recommended
  1. The Current Ratios indicator have reached critical value, too many traders expect a downward movement. In this case, we recommend standing aside with short trades. Long trades only.
  2. A significant cluster of sellers are below the current price. A sharp increase in Profit Ratio everytime the price decreases indicates this. Downward movement is difficult, correction is possible.
  3. We are seeing an increase in sell positions by market crowd, who are replenishing an already large number of "locked up" losing sell positions.
  4. We see a cluster of loss sellers below the current price. This cluster can act as a support.