EN

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

Alex Zarevich on FXSSI Alex Zarevich Expert
main-sell-market-trend-1
Forecast Details
PairNZDUSD
Publication Time10/11/22 6:17 PM
Direction Sell
Status Closed (0.5625)
18:17
18:17
Oct. 11, 2022
Forecast
-95 p
0.5720
Stop Loss
0.5625
Entry
+95 p
0.5530
Target 1
Related Links
How to use MT4/5 Indicators Tools
Recommended by FXSSI
XM Group
2009
Visit Website
Your capital is at risk. *T&Cs apply

Chart & Analyst Comments

main-sell-market-trend-1
  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 last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
  3. MVP line is above the price and acts as a resistance level.
  4. We are focused on the breakdown of the previous bottom, the target at the level of 0.553.
    index: 1x 0.054034948348999s
t_/pages/forecast: 1x 0.049942970275879s
t_/common/header-new: 1x 0.03057599067688s
t_/common/head: 1x 0.02505898475647s
t_/common/footer-new: 1x 0.0053780078887939s
router_page: 1x 0.0022449493408203s
t_/popups/on-download: 1x 0.0010950565338135s
router: 1x 0.00097393989562988s
t_/common/cookie-banner: 1x 0.0006558895111084s
service-routes: 1x 0.00048303604125977s
t_/blocks/sidebar-afil: 1x 0.00032520294189453s
router_redirection: 1x 0.00022411346435547s
t_/popups/zoom: 1x 2.4080276489258E-5s
----- END OF DUMP (2024-07-27 03:47:07)  -----