Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity
EN

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

December 15, 2021 7:52:27 AM by Alexander Zorevyk
Forecast Details
PairNZDUSD
Direction Sell
StatusClosed (0.6800)
7:48
7:48
Dec. 15, 2021
-55 p
0.6800
Stop Loss
0.6745
Entry
+55 p
0.6690
Target 1
Chart & Analyst Comments
main-sell-market-trend-1
  1. 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.
  2. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  3. The number of profitable sellers has exceeded 75%. The downtrend is in its active phase. This confirms potential for a Short trade.
  4. MVP line is above the price and acts as a resistance level.
  5. The risk-to-profit ratio allows us to set Take Profit for a Short trade at 0.669
    index: 1x 0.036011934280396s
t_/pages/forecast: 1x 0.032762050628662s
t_/common/header-new: 1x 0.020195960998535s
t_/common/head: 1x 0.016534090042114s
t_/common/footer-new: 1x 0.0025448799133301s
router_page: 1x 0.0017218589782715s
router: 1x 0.00080585479736328s
t_/popups/on-download: 1x 0.00053215026855469s
service-routes: 1x 0.0003361701965332s
router_redirection: 1x 0.00013184547424316s
t_/popups/zoom: 1x 1.4781951904297E-5s
----- END OF DUMP (2022-08-11 08:22:08)  -----