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

June 17, 2019 8:50:40 AM by Alexander Zorevyk
Forecast Details
PairEURAUD
Direction Buy
StatusClosed (1.637)
8:46
8:46
Jun. 17, 2019

+69 p
1.6400
Target 2
+40 p
1.6370
Target 1
1.6330
Entry
-40 p
1.6290
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" sellers in a downtrend may indicate that the market expects the recovery of the bear trend. However, according to our analysis, this movement is corrective and we expect the price to go up
  3. When the price decreases, a signal is formed (orange labels), which implies an upward movement.
  4. Here is the crucial stop loss level to serve as a goal for our Buy trade idea.