- 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.
- The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
- The number of profitable sellers has exceeded 75%. The downtrend is in its active phase. This confirms potential for a Short trade.
- The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
- The first target is at the level of the previous bottom - 0.6645, and the second one, in case of an active price decrease, is at the level - 0.662
The market has stabilized, the first signs of a downtrend appeared
January 25, 2022 11:09:58 AM
Forecast Details
PairNZDUSD
Direction
Sell
StatusClosed (0.6710)
-65 p
0.6775
Stop Loss
0.6710
Entry
+65 p
0.6645
Target 1
+90 p
0.6620
Target 2
Chart & Analyst Comments
