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

August 9, 2019 10:34:00 AM by Patrick Yang
Forecast Details
Direction Buy
StatusClosed (1.6330)
Aug. 9, 2019
Aug. 16, 2019

+300 p
Target 2
+180 p
Target 1
-190 p
Stop Loss
Chart & Analyst Comments
  1. The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
  2. Downward price movement is accompanied by reversal signals of Profit Ratio indicator.
  3. The activity of "fresh" sellers in a downtrend may indicate that the market expects the recovery of the bear trend. However, according to our analysis, this movement is corrective and we expect the price to go up
  4. Here is the crucial stop loss level to serve as a goal for our Buy trade idea.
    index: 1x 0.040749073028564s
t_/pages/forecast: 1x 0.03761100769043s
t_/common/header-new: 1x 0.020936965942383s
t_/common/head: 1x 0.017709970474243s
t_/common/footer-new: 1x 0.0025279521942139s
router_page: 1x 0.0014050006866455s
router: 1x 0.00067400932312012s
t_/popups/on-download: 1x 0.00049495697021484s
service-routes: 1x 0.00028014183044434s
router_redirection: 1x 0.00012898445129395s
t_/popups/zoom: 1x 1.5974044799805E-5s
----- END OF DUMP (2022-12-09 04:42:12)  -----