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 Time11/25/20 9:45 AM
Direction Sell
Status Closed (1.6170)
9:40
9:40
Nov. 25, 2020
Forecast
-70 p
1.6265
Stop Loss
1.6195
Entry
+65 p
1.6130
Target 1
+95 p
1.6100
Target 2
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. Majority of traders are still holding onto Longs. This means we should continue to Sell EURAUD.
  2. The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
  3. MVP line is above the price and acts as a resistance level.
  4. The first target is at the level of the previous bottom - 1.613, and the second one, in case of an active price decrease, is at the level - 1.61
    index: 1x 0.051950931549072s
t_/pages/forecast: 1x 0.046766996383667s
t_/common/header-new: 1x 0.030287981033325s
t_/common/head: 1x 0.021094083786011s
t_/common/footer-new: 1x 0.0043389797210693s
router: 1x 0.0015690326690674s
router_page: 1x 0.0014200210571289s
t_/common/cookie-banner: 1x 0.00093388557434082s
t_/popups/on-download: 1x 0.00069594383239746s
service-routes: 1x 0.00066304206848145s
t_/blocks/sidebar-afil: 1x 0.00051283836364746s
router_redirection: 1x 0.00046396255493164s
t_/popups/zoom: 1x 2.1934509277344E-5s
----- END OF DUMP (2025-02-22 15:34:02)  -----