EURAUD - Upward trend will continue, Long trade by market price recommended
May 31, 2019 11:40:11 AM
Forecast Details
PairEURAUD
Direction
Buy
StatusClosed (1.6195)
+100 p
1.6245
Target 1
1.6145
Entry
-84 p
1.6060
Stop Loss
About Author
Patrick Yang
Expert
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Total votes: 5
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Chart & Analyst Comments
- 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.
- The activity of "fresh" sellers in an uptrend may indicate that the market crowd still does not believe in a bullish trend.
- The present level of MVP, which is below the current price, favors buy orders.
- We see a cluster of loss sellers below the current price. This cluster can act as a support.