AUDUSD - Downward trend will continue, Short trade by market price recommended
11. Juni 2019 05:16:51
Forecast Details
PairAUDUSD
Direction
Verkauf
StatusClosed (0.695)
-60 p
0.7015
Stop Loss
0.6955
Entry
+60 p
0.6895
Target 1
+90 p
0.6865
Target 2
About Author
Alexander Zorevyk
Expert
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Total votes: 13
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Chart & Analyst Comments
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For today's forecast, we recommend a sell order at the current market price. This idea is based on the following analysis:
- According to the most brokers’ data, more than half of the traders are currently in long positions on AUDUSD. As a result, we recommend considering going only short at this time.
- Analyzing the ratio of positions, we see that the majority of traders at the moment are in purchases, which is also combined with the original idea.
- The activity of "fresh" buyers in a downward movement may indicate that the market crowd still does not believe in a bearish trend.