- The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
- In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
- When the price rises, a signal is formed (orange labels), which implies a downwards movement.
- MVP line is above the price and acts as a resistance level.
- The first target is at the level of the previous bottom - 0.677, and the second one, in case of an active price decrease, is at the level - 0.6745
NZDUSD - Downward trend will continue, Short trade by market price recommended
December 2, 2021 5:12:02 PM
Forecast Details
PairNZDUSD
Direction
Sell
StatusClosed (0.6770)
-50 p
0.6865
Stop Loss
0.6815
Entry
+45 p
0.6770
Target 1
+70 p
0.6745
Target 2
Chart & Analyst Comments
