NZDUSD - Downward trend will continue, Short trade by market price recommended
April 22, 2020 5:10:38 AM
Forecast Details
PairNZDUSD
Direction
Sell
StatusClosed (0.596)
-65 p
0.6025
Stop Loss
0.5960
Entry
+60 p
0.5900
Target 1
About Author
Alexander Zorevyk
Expert
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Total votes: 2
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Chart & Analyst Comments
- 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.
- MVP line is above the price and acts as a resistance level.
- Here is the crucial stop loss level to serve as a goal for our Sell trade idea.
- Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
