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

May 31, 2019 11:40:11 AM by Patrick Yang
Forecast Details
PairEURAUD
Direction Buy
StatusClosed (1.6195)
Start
End
May 31, 2019
Jun. 7, 2019

+100 p
1.6245
Target 1
1.6145
Entry
-85 p
1.6060
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. The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  3. The present level of MVP, which is below the current price, favors Buy Orders.
  4. We see an accumulation of loss sellers below the current price in the right Order Book. This cluster can act as a support.
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