Black Friday Deal Black Friday Offer: Get a Lifetime Plan With 70% Discount! See Pricing Only till NOV, 28

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

October 26, 2020 5:38:48 PM by Alex Zarevich
Forecast Details
Direction Sell
StatusClosed (1.6550)
Oct. 26, 2020

-95 p
Stop Loss
+95 p
Target 1
+140 p
Target 2
Chart & Analyst Comments

For today's forecast, we recommend a Sell Order at this recommended market price - 1.6625. This idea is based on the following analysis:

  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. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  3. The first target is at the level of the previous bottom - 1.653, and the second one, in case of an active price decrease, is at the level - 1.6485
    index: 1x 0.034442186355591s
t_/pages/forecast: 1x 0.030972957611084s
t_/common/header-new: 1x 0.019899129867554s
t_/common/head: 1x 0.016151189804077s
t_/common/footer-new: 1x 0.0024988651275635s
router_page: 1x 0.0015850067138672s
router: 1x 0.00076985359191895s
t_/popups/on-download: 1x 0.00050616264343262s
service-routes: 1x 0.00031495094299316s
router_redirection: 1x 0.00015711784362793s
t_/popups/zoom: 1x 3.2901763916016E-5s
----- END OF DUMP (2022-11-26 18:18:11)  -----