Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity

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

August 19, 2022 12:40:43 PM by Alexander Zorevyk
Forecast Details
Direction Sell
StatusClosed (1.4500)
Aug. 19, 2022

-75 p
Stop Loss
+70 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. We see a sharp increase in buy orders as indicated by a number of brokers, which may indicate an interest of a big market player. We are expecting a downward movement.
  3. The decrease in the sellers volume, together with the increase in the buyers volume, confirms the need to Sell according to our trading idea.
  4. MVP line is above the price and acts as a resistance level.
  5. The price decrease will be accompanied by the trigger of market crowds’ stop losses, which in turn will serve as a "fuel" for the downward movement.
    index: 1x 0.03564715385437s
t_/pages/forecast: 1x 0.032207012176514s
t_/common/header-new: 1x 0.020206928253174s
t_/common/head: 1x 0.016785144805908s
t_/common/footer-new: 1x 0.0030391216278076s
router_page: 1x 0.0017590522766113s
router: 1x 0.00089097023010254s
t_/popups/on-download: 1x 0.0005958080291748s
service-routes: 1x 0.00036287307739258s
router_redirection: 1x 0.00016498565673828s
t_/popups/zoom: 1x 4.8160552978516E-5s
----- END OF DUMP (2022-10-05 05:44:10)  -----