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 Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
  2. A significant cluster of sellers is below the current price, this is evidenced by a sharp increase in Profit Ratio every time the price decreases. 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 an accumulation of loss sellers below the current price in the right Order Book. This cluster can act as a support.