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 24, 2022 10:53:47 AM by Alexander Zorevyk
Forecast Details
Direction Sell
StatusClosed (0.6240)
Aug. 24, 2022

-65 p
Stop Loss
+60 p
Target 1
Chart & Analyst Comments
  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. We see a sharp increase in buy orders as indicated by a number of brokers, which may indicate an interest of a big market player. We are expecting a downward movement.
  3. The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
  4. MVP line is above the price and acts as a resistance level.
  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 0.035422086715698s
t_/pages/forecast: 1x 0.031742811203003s
t_/common/header-new: 1x 0.020123958587646s
t_/common/head: 1x 0.016631126403809s
t_/common/footer-new: 1x 0.002622127532959s
router_page: 1x 0.0019309520721436s
router: 1x 0.00099921226501465s
t_/popups/on-download: 1x 0.00052404403686523s
service-routes: 1x 0.00046181678771973s
router_redirection: 1x 0.00015521049499512s
t_/popups/zoom: 1x 3.4093856811523E-5s
----- END OF DUMP (2022-10-05 05:40:10)  -----