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

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

January 25, 2022 11:09:58 AM by Alexander Zorevyk
Forecast Details
PairNZDUSD
Direction Sell
StatusClosed (0.6710)
11:07
11:07
Jan. 25, 2022

-65 p
0.6775
Stop Loss
0.6710
Entry
+65 p
0.6645
Target 1
+90 p
0.6620
Target 2
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
    index: 1x 0.036267995834351s
t_/pages/forecast: 1x 0.032265186309814s
t_/common/header-new: 1x 0.020335912704468s
t_/common/head: 1x 0.016785144805908s
t_/common/footer-new: 1x 0.0025210380554199s
router_page: 1x 0.001662015914917s
router: 1x 0.00078701972961426s
t_/popups/on-download: 1x 0.00050902366638184s
service-routes: 1x 0.00031399726867676s
router_redirection: 1x 0.00014090538024902s
t_/popups/zoom: 1x 1.5020370483398E-5s
----- END OF DUMP (2022-05-19 03:07:05)  -----