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

August 14, 2019 11:08:46 AM by Alexander Zorevyk
Forecast Details
PairEURAUD
Direction Buy
StatusClosed (1.648)
11:07
11:07
Aug. 14, 2019

+120 p
1.6660
Target 2
+60 p
1.6600
Target 1
1.6540
Entry
-60 p
1.6480
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. The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  3. Downward price movement is accompanied by reversal signals of Profit Ratio indicator.
  4. We are focused on the breakdown of the previous peak, the target at the level of 1.66.