NZDUSD - Upward trend will continue, Long trade by market price recommended
July 8, 2020 5:17:41 AM
Forecast Details
PairNZDUSD
Direction
Buy
StatusClosed (0.658)
+80 p
0.6620
Target 2
+60 p
0.6600
Target 1
0.6540
Entry
-65 p
0.6475
Stop Loss
About Author
Alexander Zorevyk
Expert
Related Links
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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.
- In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
- MVP line is below the price and acts as a support level.
- Here we see an accumulation of sellers "locked" with a loss positions. We consider this zone as a support.
- The SLC indicator displays a cluster of Stop Losses and Stop orders at the previous high level, which according to our forecast, is good for placing Take Profit.
