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

December 14, 2020 7:21:10 PM by Alexander Zorevyk
Forecast Details
PairEURAUD
Direction Sell
StatusClosed (1.6085)
19:17
19:17
Dec. 14, 2020

-75 p
1.6180
Stop Loss
1.6105
Entry
+75 p
1.6030
Target 1
+105 p
1.6000
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. In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
  3. MVP line is above the price and acts as a resistance level.
  4. The first target is at the level of the previous bottom - 1.603, and the second one, in case of an active price decrease, is at the level - 1.6
    index: 1x 0.03463888168335s
t_/pages/forecast: 1x 0.031642913818359s
t_/common/header-new: 1x 0.019776105880737s
t_/common/head: 1x 0.016103982925415s
t_/common/footer-new: 1x 0.0027170181274414s
router_page: 1x 0.0015850067138672s
router: 1x 0.00075793266296387s
t_/popups/on-download: 1x 0.00053095817565918s
service-routes: 1x 0.00028514862060547s
router_redirection: 1x 0.00013399124145508s
t_/popups/zoom: 1x 3.6954879760742E-5s
----- END OF DUMP (2022-08-11 08:39:08)  -----