- 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 activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
- The number of profitable sellers has exceeded 75%. The downtrend is in its active phase. This confirms potential for a Short trade.
- 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 0.669
NZDUSD - Downward trend will continue, Short trade by market price recommended
December 15, 2021 7:52:27 AM
Forecast Details
PairNZDUSD
Direction
Sell
StatusClosed (0.6800)
-55 p
0.6800
Stop Loss
0.6745
Entry
+55 p
0.6690
Target 1
Chart & Analyst Comments
