NZDUSD - Downward trend will continue, Short trade by market price recommended
November 11, 2019 3:18:58 PM
Forecast Details
PairNZDUSD
Direction
Sell
StatusClosed (0.638)
-124 p
0.6485
Stop Loss
0.6360
Entry
+134 p
0.6225
Target 1
About Author
Patrick Yang
Expert
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Chart & Analyst Comments
- According to the Current Ratios indicator, the market crowd inclined to believe in an upward movement. We recommend Short trade for today.
- In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
- The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
- MVP line is above the price and acts as a resistance level.