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 Time9/30/24 7:15 AM
Direction Sell
Status Closed (1.6080)
7:15
7:15
Sep. 30, 2024
Forecast
-125 p
1.6225
Stop Loss
1.6100
Entry
+120 p
1.5980
Target 1
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. 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. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  3. The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
  4. The risk-to-profit ratio allows us to set Take Profit for a Short trade at 1.598
    index: 1x 0.025413990020752s
t_/pages/forecast: 1x 0.023841142654419s
t_/common/header-new: 1x 0.015442132949829s
t_/common/head: 1x 0.012359142303467s
t_/common/footer-new: 1x 0.0022258758544922s
router_page: 1x 0.00078296661376953s
t_/popups/on-download: 1x 0.00052618980407715s
router: 1x 0.00041794776916504s
t_/common/cookie-banner: 1x 0.00032496452331543s
service-routes: 1x 0.0001990795135498s
t_/blocks/sidebar-afil: 1x 0.00012993812561035s
router_redirection: 1x 0.00010204315185547s
t_/popups/zoom: 1x 1.5020370483398E-5s
----- END OF DUMP (2025-09-30 02:53:09)  -----