- The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
- In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
- 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-to-profit ratio allows us to set Take Profit for a Short trade at 0.6725
NZDUSD - Downward trend will continue, Short trade by market price recommended
December 13, 2021 12:20:49 PM
Forecast Details
PairNZDUSD
Direction
Sell
StatusClosed (0.6740)
-50 p
0.6825
Stop Loss
0.6775
Entry
+50 p
0.6725
Target 1
Chart & Analyst Comments
