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

December 7, 2020 9:02:01 PM by Alex Zarevich
Forecast Details
PairNZDUSD
Direction Buy
StatusClosed (0.7040)
21:00
21:00
Dec. 7, 2020

+90 p
0.7130
Target 2
+60 p
0.7100
Target 1
0.7040
Entry
-60 p
0.6980
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. The Ratios indicator shows the change in the ratio of market players towards sellers. Their increase while the uptrend may indicate the activity of averaging traders. This can serve as "fuel" for further uptrend.
  2. The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
  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 - 0.71, and the second one, in case of an active price increase, is at the level - 0.713
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