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

September 8, 2020 7:51:41 AM by Alexander Zorevyk
Forecast Details
PairEURAUD
Direction Sell
StatusClosed (1.6280)
7:50
7:50
Sep. 8, 2020

-70 p
1.6280
Stop Loss
1.6210
Entry
+75 p
1.6135
Target 1
+120 p
1.6090
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. 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 0.03920316696167s
t_/pages/forecast: 1x 0.034178972244263s
t_/common/header-new: 1x 0.021989822387695s
t_/common/head: 1x 0.018135070800781s
t_/common/footer-new: 1x 0.0027239322662354s
router_page: 1x 0.0019381046295166s
router: 1x 0.00078606605529785s
t_/popups/on-download: 1x 0.00052785873413086s
service-routes: 1x 0.00030779838562012s
router_redirection: 1x 0.00014805793762207s
t_/popups/zoom: 1x 4.1961669921875E-5s
----- END OF DUMP (2022-08-11 08:32:08)  -----