NZDUSD - Upward trend will continue, Long trade by market price recommended

June 1, 2020 5:44:35 AM by Alexander Zorevyk
Forecast Details
PairNZDUSD
Direction Buy
StatusClosed (0.629)
5:43
5:43
Jun. 1, 2020

+54 p
0.6290
Target 1
0.6235
Entry
-55 p
0.6180
Stop Loss
Chart & Analyst Comments
NZDUSD - Upward trend will continue, Long trade by market price recommended
  1. According to the most brokers’ data, more than half of the traders are currently in short positions on NZDUSD. As a result, we recommend considering only Long trades at this time.
  2. In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
  3. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
  4. Set Take Profit at the local high, beyond which there is a cluster of orders.