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

July 31, 2019 6:55:11 AM by Alexander Zorevyk
Forecast Details
PairNZDUSD
Direction Sell
StatusClosed (0.6555)
6:52
6:52
Jul. 31, 2019

-50 p
0.6655
Stop Loss
0.6605
Entry
+50 p
0.6555
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. The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
  3. The Ratios indicator demonstrates a market shift towards buyers. Their increase while the upward movement may indicate a successfully triggered trap. Possible price downward reversal.
  4. MVP line is above the price and acts as a resistance level.