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

November 11, 2019 3:18:58 PM by Patrick Yang
Forecast Details
PairNZDUSD
Direction Sell
StatusClosed (0.6380)
Start
End
Nov. 11, 2019
Nov. 18, 2019
-125 p
0.6485
Stop Loss
0.6360
Entry
+135 p
0.6225
Target 1
Chart & Analyst Comments
main-sell-market-trend-1
  1. According to the Current Ratio indicator, the market crowd inclined to believe in an upward movement. We recommend Short trade for today.
  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 Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
  4. MVP line is above the price and acts as a resistance level.
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