Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity

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

August 5, 2021 6:33:58 PM by Alexander Zorevyk
Forecast Details
Direction Buy
StatusClosed (0.7000)
Aug. 5, 2021

+55 p
Target 1
-60 p
Stop Loss
Chart & Analyst Comments
  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. The number of profitable buyers has exceeded 75%. The uptrend is in its active phase. This confirms potential for a Long trade.
  3. The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  4. MVP line is below the price and acts as a support level.
  5. The price increase will be accompanied by the trigger of market crowd’s stop losses, which in turn will serve as a "fuel" for the upward movement.
    index: 1x 0.033594131469727s
t_/pages/forecast: 1x 0.030608892440796s
t_/common/header-new: 1x 0.019564867019653s
t_/common/head: 1x 0.016162872314453s
t_/common/footer-new: 1x 0.0024409294128418s
router_page: 1x 0.0015928745269775s
router: 1x 0.00072288513183594s
t_/popups/on-download: 1x 0.00051212310791016s
service-routes: 1x 0.00030183792114258s
router_redirection: 1x 0.00011086463928223s
t_/popups/zoom: 1x 1.3113021850586E-5s
----- END OF DUMP (2022-08-08 08:16:08)  -----