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

February 26, 2020 7:35:49 AM by Alexander Zorevyk
Forecast Details
PairNZDUSD
Direction Sell
StatusClosed (0.63)
7:34
7:34
Feb. 26, 2020

-44 p
0.6355
Stop Loss
0.6310
Entry
+45 p
0.6265
Target 1
Chart & Analyst Comments
NZDUSD - Downward trend will continue, Short trade by market price recommended
  1. The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  2. In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
  3. The present level of MVP, which is above the current price, favors Sell Orders.
  4. Here is the crucial stop loss level to serve as a goal for our Sell trade idea.