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The market has stabilized, the first signs of a downtrend appeared

Alex Zarevich on FXSSI Alex Zarevich Expert
main-sell-trend-2
Forecast Details
PairNZDUSD
Publication Time1/25/22 11:09 AM
Direction Sell
Status Closed (0.6710)
11:07
11:07
Jan. 25, 2022
Forecast
-65 p
0.6775
Stop Loss
0.6710
Entry
+65 p
0.6645
Target 1
+90 p
0.6620
Target 2
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Chart & Analyst Comments

main-sell-trend-2
  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 activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  3. The number of profitable sellers has exceeded 75%. The downtrend is in its active phase. This confirms potential for a Short trade.
  4. The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
  5. 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
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