- According to the most brokers’ data, more than half of the traders are currently in long positions on NZDUSD. As a result, we recommend considering only Short trades at this time.
- 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 risk/reward ratio allows you to set Take Profit at the same level where the SLC indicator signals that there are Stop orders - 0.64
- Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
NZDUSD - Downward trend will continue, Short trade by market price recommended
May 5, 2022 1:34:12 PM
Forecast Details
PairNZDUSD
Direction
Sell
StatusClosed (0.6400)
-85 p
0.6565
Stop Loss
0.6480
Entry
+80 p
0.6400
Target 1
Chart & Analyst Comments
