EN

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

Alex Zarevich on FXSSI Alex Zarevich Expert
main-sell-market-trend-1
Forecast Details
PairNZDUSD
Publish Time4/20/23 7:00 AM
Direction Sell
Status Closed (0.6130)
7:00:00 AM UTC
7:00:00 AM UTC
Apr. 20, 2023
Forecast
-50 p
0.6225
Stop Loss
0.6175
Entry
+50 p
0.6125
Target 1
Related Links
How to use MT4/5 Indicators Tools

Chart & Analyst Comments

main-sell-market-trend-1
  1. 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.
  2. Analyzing the positions ratio, we see that most traders are currently in Longs, which also combined with the original idea.
  3. MVP line is above the price and acts as a resistance level.
  4. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
  5. The risk/reward ratio allows you to set Take Profit at the same level where the SLC indicator signals that there are Stop orders - 0.6125
    index: 1x 0.038470983505249s
t_/pages/forecast: 1x 0.035824060440063s
t_/common/header-new: 1x 0.022953033447266s
t_/common/head: 1x 0.019344806671143s
t_/common/footer-new: 1x 0.0027451515197754s
router_page: 1x 0.0014688968658447s
router: 1x 0.00067901611328125s
t_/popups/on-download: 1x 0.0005791187286377s
service-routes: 1x 0.00027894973754883s
router_redirection: 1x 0.00012707710266113s
t_/common/cookie-banner: 1x 3.7908554077148E-5s
t_/popups/zoom: 1x 3.504753112793E-5s
----- END OF DUMP (2023-06-08 14:44:06)  -----