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

April 22, 2020 5:10:38 AM by Alexander Zorevyk
Forecast Details
PairNZDUSD
Direction Sell
StatusClosed (0.596)
5:03
5:03
Apr. 22, 2020

-65 p
0.6025
Stop Loss
0.5960
Entry
+60 p
0.5900
Target 1
Chart & Analyst Comments
NZDUSD - Downward trend will continue, Short trade by market price recommended
  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. MVP line is above the price and acts as a resistance level.
  3. Here is the crucial stop loss level to serve as a goal for our Sell trade idea.
  4. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.