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

August 19, 2020 6:29:05 AM by Alex Zarevich
Forecast Details
Direction Sell
StatusClosed (1.6530)
Aug. 19, 2020

-65 p
Stop Loss
+65 p
Target 1
Chart & Analyst Comments
  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. The Ratios indicator demonstrates a market shift towards buyers. Their increase while the upward movement may indicate a successfully triggered trap. Possible price downward reversal.
  3. While in flat, the price often crosses the MVP line, since it reflects price balance. Today's short-term Sell forecast aims to cross this line.
  4. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
  5. The trade is aimed at the previous low breakout. The SLC indicator signals us to set our target at the level where most Stop Losses are placed - 1.64
    index: 1x 0.057820796966553s
t_/pages/forecast: 1x 0.052947998046875s
t_/common/header-new: 1x 0.031852006912231s
t_/common/head: 1x 0.025892972946167s
t_/common/footer-new: 1x 0.0050158500671387s
router_page: 1x 0.0026571750640869s
router: 1x 0.0012938976287842s
t_/popups/on-download: 1x 0.001039981842041s
service-routes: 1x 0.00051093101501465s
router_redirection: 1x 0.0002140998840332s
t_/popups/zoom: 1x 5.6028366088867E-5s
----- END OF DUMP (2023-02-05 00:32:02)  -----