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

June 18, 2019 5:59:46 AM by Alexander Zorevyk
Forecast Details
PairNZDUSD
Direction Sell
StatusClosed (0.652)
5:58
5:58
Jun. 18, 2019

-50 p
0.6545
Stop Loss
0.6495
Entry
+50 p
0.6445
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 activity of "fresh" buyers in a downward movement may indicate that the market crowd still does not believe in a bearish trend.
  3. MVP line is above the price and acts as a resistance level.
  4. We are setting the take profit of our order to the closest level with a large number of stop orders.