The market has stabilized, the first signs of a downtrend appeared

August 29, 2019 3:02:26 PM by Alexander Zorevyk
Forecast Details
PairEURAUD
Direction Sell
StatusClosed (1.6345)
14:59
14:59
Aug. 29, 2019

-60 p
1.6460
Stop Loss
1.6400
Entry
+54 p
1.6345
Target 1
+100 p
1.6300
Target 2
Chart & Analyst Comments
The market has stabilized, the first signs of a downtrend appeared
  1. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  2. The Current Ratios indicator demonstrates a change in the ratio of players in the market towards buyers. Their increase while the trend is still going downwards may indicate the activity of averaging traders. This can only serve as "fuel" for further downtrend.
  3. The first take profit is at the level of the previous support - 1.6345, and the second, in case of an active price decrease, is at the level - 1.63