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

July 12, 2019 6:42:33 AM by Patrick Yang
Forecast Details
PairEURAUD
Direction Buy
StatusClosed (1.6)
Start
End
Jul. 12, 2019
Jul. 19, 2019

+160 p
1.6255
Target 2
+100 p
1.6195
Target 1
1.6095
Entry
-94 p
1.6000
Stop Loss
Chart & Analyst Comments
EURAUD - Upward trend will continue, Long trade by market price recommended
  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 last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
  4. The first target is at the level of the previous peak - 1.6195, and the second one, in case of an active price increase, is at the level - 1.6255