NZDUSD - Downward trend will continue, Short trade by market price recommended
June 18, 2019 5:59:46 AM
Forecast Details
PairNZDUSD
Direction
Sell
StatusClosed (0.652)
-50 p
0.6545
Stop Loss
0.6495
Entry
+50 p
0.6445
Target 1
About Author
Alexander Zorevyk
Expert
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Chart & Analyst Comments
- The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
- The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
- MVP line is above the price and acts as a resistance level.
- We are setting the take profit of our Sell Order to the closest level with a large number of stop losses.
