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

April 20, 2022 1:31:01 PM by Alexander Zorevyk
Forecast Details
Direction Buy
StatusClosed (1.4655)
Apr. 20, 2022

+115 p
Target 2
+80 p
Target 1
-75 p
Stop Loss
Chart & Analyst Comments
  1. According to the most brokers’ data, more than half of the traders are currently in short positions on EURAUD. As a result, we recommend considering only Long trades at this time.
  2. The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
  3. The number of profitable buyers has exceeded 75%. The uptrend is in its active phase. This confirms potential for a Long trade.
  4. The first target is at the level of the previous peak - 1.4655, and the second one, in case of an active price increase, is at the level - 1.469
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