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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 0.036639213562012s
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t_/common/header-new: 1x 0.020347118377686s
t_/common/head: 1x 0.016991853713989s
t_/common/footer-new: 1x 0.0038988590240479s
router_page: 1x 0.0016360282897949s
router: 1x 0.00080013275146484s
t_/popups/on-download: 1x 0.00053691864013672s
service-routes: 1x 0.00032186508178711s
router_redirection: 1x 0.0001528263092041s
t_/popups/zoom: 1x 2.0980834960938E-5s
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