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

August 6, 2019 5:35:26 AM by Alexander Zorevyk
Forecast Details
PairNZDUSD
Direction Sell
StatusClosed (0.647)
5:34
5:34
Aug. 6, 2019

-60 p
0.6590
Stop Loss
0.6530
Entry
+60 p
0.6470
Target 1
Chart & Analyst Comments
NZDUSD - Downward trend will continue, Short trade by market price recommended
  1. The Current Ratios indicator have reached critical value, too many traders expect an upward movement. In this case, we recommend selling only.
  2. The dynamics of the Ratios indicator signals possible sells. Pay attention to the area marked on the image.
  3. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  4. MVP line is above the price and acts as a resistance level.
  5. Stop loss is properly taken out of the buyers cluster. If the price passes it, it is very likely to go on.