- 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
Chart & Analyst Comments
![main-sell-market-trend-1](https://fxssi.com/images/forecasts/forecast-49b6bba811badd3d80d3e9f526b0531a.png)