The market has stabilized, the first signs of an uptrend appeared

December 19, 2019 7:32:03 AM by Alexander Zorevyk
Forecast Details
PairNZDUSD
Direction Buy
StatusClosed (0.6615)
7:30
7:30
Dec. 19, 2019

+45 p
0.6660
Target 1
0.6615
Entry
-50 p
0.6565
Stop Loss
Chart & Analyst Comments
The market has stabilized, the first signs of an uptrend appeared
  1. According to the most brokers’ data, more than half of the traders are currently in short positions on NZDUSD. As a result, we recommend considering only Long trades at this time.
  2. We are seeing an increase in Sell positions by market crowd, who are replenishing an already large number of "locked up" losing Sell positions.
  3. Here is the crucial stop loss level to serve as a goal for our Buy trade idea.