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

September 17, 2019 5:31:22 PM by Alexander Zorevyk
Forecast Details
PairEURAUD
Direction Buy
StatusClosed (1.619)
17:30
17:30
Sep. 17, 2019

+69 p
1.6190
Target 1
1.6120
Entry
-70 p
1.6050
Stop Loss
Chart & Analyst Comments
EURAUD - Upward trend will continue, Long trade by market price recommended
  1. The Current Ratio indicator, which is used for quick market sentiment analysis, provides Buy signal at the moment.
  2. 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.
  3. 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.