The market has stabilized, the first signs of an uptrend appeared
March 26, 2020 7:45:13 PM
Forecast Details
PairEURAUD
Direction
Buy
StatusClosed
+175 p
1.8425
Target 1
1.8250
Entry
-180 p
1.8070
Stop Loss
About Author
Patrick Yang
Expert
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Total votes: 6
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Chart & Analyst Comments
- The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
- In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
- MVP line is below the price and acts as a support level.
- The price increase will be accompanied by the trigger of market crowd’s stop losses, which in turn will serve as a "fuel" for the upward movement.
