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

February 3, 2021 8:11:24 PM by Alex Zarevich
Forecast Details
PairNZDUSD
Direction Buy
StatusClosed (0.7135)
20:10
20:10
Feb. 3, 2021

+90 p
0.7290
Target 2
+60 p
0.7260
Target 1
0.7200
Entry
-65 p
0.7135
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
  2. The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  3. MVP line is below the price and acts as a support level.
  4. The first target is at the level of the previous peak - 0.726, and the second one, in case of an active price increase, is at the level - 0.729
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