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 29, 2021 11:08:50 AM by Alexander Zorevyk
Forecast Details
PairEURAUD
Direction Buy
StatusClosed (1.6180)
11:05
11:05
Sep. 29, 2021

+85 p
1.6180
Target 2
+65 p
1.6160
Target 1
1.6095
Entry
-60 p
1.6035
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  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. Price broke through the MVP line and rushed up. We consider this a sign for further EURAUD price increase.
  4. The first target is at the level of the previous peak - 1.616, and the second one, in case of an active price increase, is at the level - 1.618
    index: 1x 0.036944150924683s
t_/pages/forecast: 1x 0.033726930618286s
t_/common/header-new: 1x 0.022011995315552s
t_/common/head: 1x 0.018208026885986s
t_/common/footer-new: 1x 0.0024762153625488s
router_page: 1x 0.0017998218536377s
router: 1x 0.00076413154602051s
t_/popups/on-download: 1x 0.00052309036254883s
service-routes: 1x 0.00031304359436035s
router_redirection: 1x 0.00014710426330566s
t_/popups/zoom: 1x 1.3828277587891E-5s
----- END OF DUMP (2022-07-02 02:15:07)  -----