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

July 4, 2019 6:44:57 AM by Alexander Zorevyk
Forecast Details
PairNZDUSD
Direction Buy
StatusClosed (0.668)
6:42
6:42
Jul. 4, 2019

+50 p
0.6750
Target 1
0.6700
Entry
-50 p
0.6650
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. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
  3. Here is the crucial stop loss level to serve as a goal for our Buy trade idea.