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

Alex Zarevich on FXSSI Alex Zarevich Expert
main-buy-market-trend-1
Forecast Details
PairNZDUSD
Publication Time7/5/23 11:50 AM
Direction Buy
Status Closed (0.6215)
11:50
11:50
Jul. 5, 2023
Forecast
+50 p
0.6230
Target 1
0.6180
Entry
-50 p
0.6130
Stop Loss
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Chart & Analyst Comments

main-buy-market-trend-1
  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 Profit Ratio reversal indicator doesn't react on upward movement. This means that the movement is not fake.
  3. MVP line is below the price and acts as a support level.
  4. Set Take Profit at the local high, beyond which there is a cluster of orders.
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