EURAUD - Downward trend will continue, Short trade by market price recommended

October 18, 2021 10:39:14 AM by Alexander Zorevyk
Forecast Details
PairEURAUD
Direction Sell
StatusClosed (1.5600)
10:36
10:36
Oct. 18, 2021

-70 p
1.5760
Stop Loss
1.5690
Entry
+55 p
1.5635
Target 1
+90 p
1.5600
Target 2
Chart & Analyst Comments
main-sell-market-trend-1
  1. The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  2. Upward price movement is accompanied by reversal signals of Profit Ratio indicator.
  3. The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
  4. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  5. The first target is at the level of the previous bottom - 1.5635, and the second one, in case of an active price decrease, is at the level - 1.56
    index: 1x 0.033879995346069s
t_/pages/forecast: 1x 0.031582117080688s
t_/common/header-new: 1x 0.019541025161743s
t_/common/head: 1x 0.016556978225708s
t_/common/footer-new: 1x 0.0027799606323242s
router_page: 1x 0.0012521743774414s
router: 1x 0.00068998336791992s
t_/popups/on-download: 1x 0.00051617622375488s
service-routes: 1x 0.00029206275939941s
router_redirection: 1x 0.00011396408081055s
t_/popups/zoom: 1x 1.7166137695312E-5s
----- END OF DUMP (2021-12-01 14:49:12)  -----