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

September 7, 2021 2:57:57 PM by Alexander Zorevyk
Forecast Details
Direction Buy
StatusClosed (0.7095)
Sep. 7, 2021

+80 p
Target 2
+65 p
Target 1
-60 p
Stop Loss
Chart & Analyst Comments
  1. The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
  2. Downward price movement is accompanied by reversal signals of Profit Ratio indicator.
  3. Downward movement is accompanied by the activity of sellers who will serve as a "fuel" for upward price movement.
  4. MVP line is below the price and acts as a support level.
  5. 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
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