- The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
- The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
- Downward price movement is accompanied by reversal signals of Profit Ratio indicator.
- Price broke through the MVP line and rushed up. We consider this a sign for further NZDUSD price increase.
- The first target is at the level of the previous peak - 0.7195, and the second one, in case of an active price increase, is at the level - 0.7215
NZDUSD - Upward trend will continue, Long trade by market price recommended
November 8, 2021 5:34:44 PM
Forecast Details
PairNZDUSD
Direction
Buy
StatusClosed (0.7085)
+70 p
0.7215
Target 2
+50 p
0.7195
Target 1
0.7145
Entry
-60 p
0.7085
Stop Loss
Chart & Analyst Comments
