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

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

+300 p
1.6750
Target 2
+180 p
1.6630
Target 1
1.6450
Entry
-190 p
1.6260
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  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.
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