Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity

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

January 19, 2022 9:49:24 AM by Alexander Zorevyk
Forecast Details
PairNZDUSD
Direction Sell
StatusClosed (0.6770)
9:39
9:39
Jan. 19, 2022

-75 p
0.6865
Stop Loss
0.6790
Entry
+65 p
0.6725
Target 1
+90 p
0.6700
Target 2
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. 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.
  5. In the left orderbook, we see a cluster of stop losses and stop orders right at the level of the previous bottom. This is a good level for placing take profit according to our forecast.
    index: 1x 0.03563404083252s
t_/pages/forecast: 1x 0.031536102294922s
t_/common/header-new: 1x 0.019868850708008s
t_/common/head: 1x 0.016210079193115s
t_/common/footer-new: 1x 0.0024268627166748s
router_page: 1x 0.0019481182098389s
router: 1x 0.0010499954223633s
t_/popups/on-download: 1x 0.00050806999206543s
service-routes: 1x 0.00038599967956543s
router_redirection: 1x 0.00016880035400391s
t_/popups/zoom: 1x 4.3153762817383E-5s
----- END OF DUMP (2022-05-19 01:37:05)  -----