EN

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

Alex Zarevich on FXSSI Alex Zarevich Expert
main-sell-market-trend-1
Forecast Details
PairEURAUD
Publication Time9/8/20 7:51 AM
Direction Sell
Status Closed (1.6280)
7:50
7:50
Sep. 8, 2020
Forecast
-70 p
1.6280
Stop Loss
1.6210
Entry
+75 p
1.6135
Target 1
+120 p
1.6090
Target 2
Related Links
How to use MT4/5 Indicators Tools
Recommended by FXSSI
XM Group
2009
Visit Website
Your capital is at risk. *T&Cs apply

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. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  3. MVP line is above the price and acts as a resistance level.
  4. The price decrease will be accompanied by the trigger of market crowds’ stop losses, which in turn will serve as a "fuel" for the downward movement.
    index: 1x 0.027894020080566s
t_/pages/forecast: 1x 0.026090145111084s
t_/common/header-new: 1x 0.016945123672485s
t_/common/head: 1x 0.012812852859497s
t_/common/footer-new: 1x 0.0023090839385986s
router_page: 1x 0.000823974609375s
router: 1x 0.0005800724029541s
t_/popups/on-download: 1x 0.00050187110900879s
t_/common/cookie-banner: 1x 0.00033903121948242s
service-routes: 1x 0.00024199485778809s
t_/blocks/sidebar-afil: 1x 0.00015377998352051s
router_redirection: 1x 0.00012779235839844s
t_/popups/zoom: 1x 1.0967254638672E-5s
----- END OF DUMP (2025-08-09 08:50:08)  -----