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

February 23, 2021 1:10:10 PM by Alexander Zorevyk
Forecast Details
PairEURAUD
Direction Sell
StatusClosed (1.5300)
13:08
13:08
Feb. 23, 2021

-75 p
1.5445
Stop Loss
1.5370
Entry
+70 p
1.5300
Target 1
Chart & Analyst Comments
main-sell-market-trend-1
  1. The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  2. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  3. The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
  4. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
  5. The risk/reward ratio allows you to set Take Profit at the same level where the SLC indicator signals that there are Stop orders - 1.53
    index: 1x 0.034575939178467s
t_/pages/forecast: 1x 0.031255960464478s
t_/common/header-new: 1x 0.019926071166992s
t_/common/head: 1x 0.01613712310791s
t_/common/footer-new: 1x 0.002525806427002s
router_page: 1x 0.0018479824066162s
router: 1x 0.00090384483337402s
t_/popups/on-download: 1x 0.00050806999206543s
service-routes: 1x 0.00030899047851562s
router_redirection: 1x 0.00013995170593262s
t_/popups/zoom: 1x 2.9802322387695E-5s
----- END OF DUMP (2022-07-06 15:24:07)  -----