NZDUSD - Upward trend will continue, Long trade by market price recommended
July 4, 2019 6:44:57 AM
Forecast Details
PairNZDUSD
Direction
Buy
StatusClosed (0.668)
+50 p
0.6750
Target 1
0.6700
Entry
-50 p
0.6650
Stop Loss
About Author
Alexander Zorevyk
Expert
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Chart & Analyst Comments
- 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.
- Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
- Here is the crucial stop loss level to serve as a goal for our Buy trade idea.