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

June 21, 2021 8:22:53 AM by Alex Zarevich
Forecast Details
Direction Buy
StatusClosed (1.5865)
Jun. 21, 2021

+85 p
Target 2
+65 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 decrease in the buyers volume, together with the increase in the sellers volume, confirms the need to Buy, according to our trading idea.
  3. The number of profitable buyers has exceeded 75%. The uptrend is in its active phase. This confirms potential for a Long trade.
  4. MVP line is below the price and acts as a support level.
  5. The first target is at the level of the previous peak - 1.5915, and the second one, in case of an active price increase, is at the level - 1.5935
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