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

August 23, 2021 5:24:18 AM by Alexander Zorevyk
Forecast Details
PairNZDUSD
Direction Sell
StatusClosed (0.6925)
5:22
5:22
Aug. 23, 2021

-80 p
0.6925
Stop Loss
0.6845
Entry
+70 p
0.6775
Target 1
Chart & Analyst Comments
main-sell-market-trend-1
  1. The Current Ratio indicator, which is used for quick market sentiment analysis, provides Sell signal at the moment.
  2. A significant cluster of buyers is above the current price, this is evidenced by a sharp increase in Profit Ratio every time the price rises. Upward movement is difficult, correction is possible.
  3. The increase in buyers is observed both in the downward movement and in the retracement movements. Retail traders still believe in the possibility of price increase.
  4. The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
  5. The price decrease will be accompanied by the trigger of market crowds’ stop losses, which in turn will serve as a "fuel" for the downward movement.
    index: 1x 0.033550024032593s
t_/pages/forecast: 1x 0.030556917190552s
t_/common/header-new: 1x 0.019523143768311s
t_/common/head: 1x 0.01599907875061s
t_/common/footer-new: 1x 0.0024621486663818s
router_page: 1x 0.0016930103302002s
router: 1x 0.00072503089904785s
t_/popups/on-download: 1x 0.00050997734069824s
service-routes: 1x 0.00028395652770996s
router_redirection: 1x 0.00013494491577148s
t_/popups/zoom: 1x 2.9087066650391E-5s
----- END OF DUMP (2022-07-02 02:23:07)  -----