NZDUSD - Downward trend will continue, Short trade by market price recommended

September 3, 2019 1:00:13 PM by Alexander Zorevyk
Forecast Details
PairNZDUSD
Direction Sell
StatusClosed (0.6335)
12:57
12:57
Sep. 3, 2019

-50 p
0.6335
Stop Loss
0.6285
Entry
+54 p
0.6230
Target 1
Chart & Analyst Comments
NZDUSD - Downward trend will continue, Short trade by market price recommended
  1. The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  2. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  3. MVP line is above the price and acts as a resistance level.
  4. The price decrease will be accompanied by the trigger of market crowds’ stop losses, which in turn will serve as a "fuel" for the downward movement.