EURAUD - Upward trend will continue, Long trade by market price recommended
September 17, 2019 5:31:22 PM
Forecast Details
PairEURAUD
Direction
Buy
StatusClosed (1.619)
+70 p
1.6190
Target 1
1.6120
Entry
-70 p
1.6050
Stop Loss
About Author
Alexander Zorevyk
Expert
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Total votes: 4
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Chart & Analyst Comments
- The Current Ratio indicator, which is used for quick market sentiment analysis, provides Buy signal at the moment.
- The Ratios indicator shows the change in the ratio of market players towards sellers. Their increase while the uptrend may indicate the activity of averaging traders. This can serve as "fuel" for further uptrend.
- The price increase will be accompanied by the trigger of market crowd’s stop losses, which in turn will serve as a "fuel" for the upward movement.
