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
-84 p
1.6060
Stop Loss
Chart & Analyst Comments
EURAUD - Upward trend will continue, Long trade by market price recommended
  1. The Current Ratios indicator have reached critical value, too many traders expect a downward movement. In this case, we recommend standing aside with short trades. Long trades only.
  2. The activity of "fresh" sellers in an uptrend 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 a cluster of loss sellers below the current price. This cluster can act as a support.