Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity

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

September 25, 2020 6:16:19 AM by Alexander Zorevyk
Forecast Details
Direction Buy
StatusClosed (1.6455)
Sep. 25, 2020

+95 p
Target 2
+65 p
Target 1
-70 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 last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
  3. MVP line is below the price and acts as a support level.
  4. The trade is aimed at the previous high breakout. The SLC indicator signals us to set our target at the level where most Stop Losses are placed - 1.659
  5. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
    index: 1x 0.034932851791382s
t_/pages/forecast: 1x 0.031862020492554s
t_/common/header-new: 1x 0.020346164703369s
t_/common/head: 1x 0.016625881195068s
t_/common/footer-new: 1x 0.0025289058685303s
router_page: 1x 0.0015900135040283s
router: 1x 0.00086307525634766s
t_/popups/on-download: 1x 0.00054287910461426s
service-routes: 1x 0.00033903121948242s
router_redirection: 1x 0.00013899803161621s
t_/popups/zoom: 1x 3.0040740966797E-5s
----- END OF DUMP (2022-08-11 08:38:08)  -----