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

May 16, 2019 6:05:58 AM by Alexander Zorevyk
Forecast Details
PairNZDUSD
Direction Sell
StatusClosed (0.653)
5:58
5:58
May 16, 2019

-55 p
0.6600
Stop Loss
0.6545
Entry
+54 p
0.6490
Target 1
Chart & Analyst Comments
NZDUSD - Downward trend will continue, Short trade by market price recommended
  1. The Current Ratios indicator have reached critical value, too many traders expect an upward movement. In this case, we recommend selling only.
  2. The increase in buyers is observed both in the downward movement and in the corrective movements. Retail traders still believe in the possibility of rising prices.
  3. MVP line is above the price and acts as a resistance level.
  4. Here is the crucial stop loss level to serve as a goal for our trading idea.