NZDUSD - Upward trend will continue, Long trade by market price recommended
September 7, 2021 2:57:57 PM
Forecast Details
PairNZDUSD
Direction
Buy
StatusClosed (0.7095)
+80 p
0.7175
Target 2
+65 p
0.7160
Target 1
0.7095
Entry
-60 p
0.7035
Stop Loss
About Author
Alexander Zorevyk
Expert
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Total votes: 4
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Chart & Analyst Comments
- The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
- Downward price movement is accompanied by reversal signals of Profit Ratio indicator.
- Downward movement is accompanied by the activity of sellers who will serve as a "fuel" for upward price movement.
- MVP line is below the price and acts as a support level.
- The first target is at the level of the previous peak - 0.716, and the second one, in case of an active price increase, is at the level - 0.7175
