The market has stabilized, the first signs of a downtrend appeared

August 2, 2019 10:50:08 AM by Patrick Yang
Forecast Details
PairNZDUSD
Direction Sell
StatusClosed (0.644)
Start
End
Aug. 2, 2019
Aug. 9, 2019

-100 p
0.6650
Stop Loss
0.6550
Entry
+110 p
0.6440
Target 1
Chart & Analyst Comments
The market has stabilized, the first signs of a downtrend appeared
  1. The Current Ratios indicator have reached critical value, too many traders expect an upward movement. In this case, we recommend selling only.
  2. The dynamics of the Ratios indicator signals possible sells. Pay attention to the area marked on the image.
  3. Today we are considering a bearish scenario. However, given that all attempts to develop an upward movement are accompanied by an “overwhelming” of the Profit Ratio indicator, it is better to enter the market at a higher price.
  4. The idea of ​​a sell forecast is based on a long downtrend, which is confirmed by the MVP indicator dynamics.