NZDUSD - Downward trend will continue, Short trade by market price recommended

May 25, 2022 3:15:47 PM by Alex Zarevich
Forecast Details
Direction Sell
StatusClosed (0.6460)
May 25, 2022

-60 p
Stop Loss
+60 p
Target 1
+85 p
Target 2
Chart & Analyst Comments
  1. The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  2. The activity of "fresh" buyers in an uptrend may indicate that the market expects the recovery of the bull trend. However, according to our analysis, this movement is corrective and we expect the price to go down.
  3. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  4. The first target is at the level of the previous bottom - 0.64, and the second one, in case of an active price decrease, is at the level - 0.6375
    index: 1x 0.038595199584961s
t_/pages/forecast: 1x 0.034006834030151s
t_/common/header-new: 1x 0.022855997085571s
t_/common/head: 1x 0.019520998001099s
t_/common/footer-new: 1x 0.0025951862335205s
router_page: 1x 0.002255916595459s
router: 1x 0.0010569095611572s
t_/popups/on-download: 1x 0.00053310394287109s
service-routes: 1x 0.00045394897460938s
router_redirection: 1x 0.00020503997802734s
t_/popups/zoom: 1x 1.4066696166992E-5s
----- END OF DUMP (2022-11-30 04:59:11)  -----