EN

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

Alex Zarevich on FXSSI Alex Zarevich Expert
main-sell-market-trend-1
Forecast Details
PairEURAUD
Publication Time8/24/20 8:02 AM
Direction Sell
Status Closed (1.6515)
8:00
8:00
Aug. 24, 2020
Forecast
-75 p
1.6530
Stop Loss
1.6455
Entry
+65 p
1.6390
Target 1
Related Links
How to use MT4/5 Indicators Tools
Recommended by FXSSI
XM Group
2009
Visit Website
Your capital is at risk. *T&Cs apply

Chart & Analyst Comments

main-sell-market-trend-1
  1. The Current Ratio indicator, which is used for quick market sentiment analysis, provides Sell signal at the moment.
  2. The Ratios indicator shows the change in the ratio of market players towards buyers. Their increase while the downtrend may indicate the activity of averaging traders. This can serve as "fuel" for further downtrend.
  3. The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
  4. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
  5. The trade is aimed at the previous low breakout. The SLC indicator signals us to set our target at the level where most Stop Losses are placed - 1.639
    index: 1x 0.035825967788696s
t_/pages/forecast: 1x 0.033287048339844s
t_/common/header-new: 1x 0.019728899002075s
t_/common/head: 1x 0.016484975814819s
t_/common/footer-new: 1x 0.0028820037841797s
router_page: 1x 0.001262903213501s
router: 1x 0.00066089630126953s
t_/popups/on-download: 1x 0.00064802169799805s
t_/common/cookie-banner: 1x 0.0004580020904541s
service-routes: 1x 0.00026392936706543s
t_/blocks/sidebar-afil: 1x 0.00020503997802734s
router_redirection: 1x 0.00011205673217773s
t_/popups/zoom: 1x 5.0067901611328E-5s
----- END OF DUMP (2024-04-18 10:26:04)  -----