The market has stabilized, the first signs of a downtrend appeared

9 août 2019 05:17:16 by Alexander Zorevyk
Details des prévisions
PaireAUDUSD
Direction Vendre
Statut Fermé (0.684)
4:58
4:58
9 août 2019

-69 p
0.6910
Excédent des pertes
0.6840
Entrée
+70 p
0.6770
Cible 1
+110 p
0.6730
Cible 2
Tableau et analyses d'experts
The market has stabilized, the first signs of a downtrend appeared
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We expect the downward trend to continue. Sell AUDUSD. See below for summary of analysis:

  1. The Current Ratios indicator have reached critical value, too many traders expect an upward movement. In this case, we recommend selling only.
  2. The activity of "fresh" buyers in an uptrend may indicate that the market is waiting for the recovery of the bull trend. However, according to our analysis, this movement is corrective and we expect the price to go down.
  3. We see two clusters of stop losses on which we set our first and second targets.
  4. The present level of MVP, which is above the current price, favors sell orders.