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

February 5, 2020 7:35:52 PM by Alexander Zorevyk
Forecast Details
PairNZDUSD
Direction Sell
StatusClosed (0.645)
19:34
19:34
Feb. 5, 2020

-44 p
0.6515
Stop Loss
0.6470
Entry
+50 p
0.6420
Target 1
Chart & Analyst Comments
NZDUSD - Downward trend will continue, Short trade by market price recommended
  1. Since the CurrentRatio sentiment indicator informs us that the market crowd is buying, we should consider sticking to Sell Orders.
  2. The activity of "fresh" buyers in an uptrend may indicate that the market expects the recovery of the bull trend. However, according to our analysis, this movement is corrective and we expect the price to go down.
  3. MVP line is above the price and acts as a resistance level.
  4. We are setting the take profit of our Sell Order to the closest level with a large number of stop losses.