NZDUSD - Upward trend will continue, Long trade by market price recommended
April 9, 2021 7:41:31 AM
Forecast Details
PairNZDUSD
Direction
Buy
StatusClosed (0.703)
+85 p
0.7100
Target 2
+55 p
0.7070
Target 1
0.7015
Entry
-60 p
0.6955
Stop Loss
About Author
Alexander Zorevyk
Expert
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Total votes: 0
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Chart & Analyst Comments
- The ratio of buyers and sellers is close to parity, it's time to think about price turning up.
- When the price decreases, a signal is formed (orange labels), which implies an upward movement.
- In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
- The first target is at the level of the previous peak - 0.707, and the second one, in case of an active price increase, is at the level - 0.71
