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 0.037546873092651s
t_/pages/forecast: 1x 0.034818887710571s
t_/common/header-new: 1x 0.021973133087158s
t_/common/head: 1x 0.017740964889526s
t_/common/footer-new: 1x 0.0033669471740723s
router_page: 1x 0.0012960433959961s
router: 1x 0.00082802772521973s
t_/popups/on-download: 1x 0.00076198577880859s
t_/common/cookie-banner: 1x 0.00056004524230957s
service-routes: 1x 0.00031900405883789s
t_/blocks/sidebar-afil: 1x 0.00019693374633789s
router_redirection: 1x 0.00013494491577148s
t_/popups/zoom: 1x 1.8835067749023E-5s
----- END OF DUMP (2024-12-22 11:44:12)  -----