- 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.
- The increase in buyers is observed both in the downward movement and in the retracement movements. Retail traders still believe in the possibility of price increase.
- When the price rises, a signal is formed (orange labels), which implies a downwards movement.
- The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
- The first target is at the level of the previous bottom - 0.6745, and the second one, in case of an active price decrease, is at the level - 0.6725
The market has stabilized, the first signs of a downtrend appeared
December 7, 2021 4:50:44 PM
Forecast Details
PairNZDUSD
Direction
Sell
StatusClosed (0.6800)
-45 p
0.6845
Stop Loss
0.6800
Entry
+55 p
0.6745
Target 1
+75 p
0.6725
Target 2
Chart & Analyst Comments
