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

April 23, 2021 6:26:31 AM by Alex Zarevich
Forecast Details
Direction Sell
StatusClosed (1.5460)
Apr. 23, 2021

-70 p
Stop Loss
+70 p
Target 1
+100 p
Target 2
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 activity of "fresh" buyers in an uptrend may indicate that the market expects the recovery of the bull trend. However, according to our analysis, this movement is corrective and we expect the price to go down.
  3. The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
  4. The first target is at the level of the previous bottom - 1.549, and the second one, in case of an active price decrease, is at the level - 1.546
    index: 1x 0.036365985870361s
t_/pages/forecast: 1x 0.033965110778809s
t_/common/header-new: 1x 0.021774053573608s
t_/common/head: 1x 0.01778507232666s
t_/common/footer-new: 1x 0.0028951168060303s
router_page: 1x 0.001244068145752s
router: 1x 0.00065398216247559s
t_/popups/on-download: 1x 0.00059700012207031s
service-routes: 1x 0.00030803680419922s
router_redirection: 1x 0.00012588500976562s
t_/popups/zoom: 1x 1.5020370483398E-5s
----- END OF DUMP (2023-02-02 16:03:02)  -----