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

April 9, 2021 7:41:31 AM by Alexander Zorevyk
Forecast Details
PairNZDUSD
Direction Buy
StatusClosed (0.703)
7:18
7:18
Apr. 9, 2021

+85 p
0.7100
Target 2
+55 p
0.7070
Target 1
0.7015
Entry
-60 p
0.6955
Stop Loss
Chart & Analyst Comments
NZDUSD - Upward trend will continue, Long trade by market price recommended
  1. The ratio of buyers and sellers is close to parity, it's time to think about price turning up.
  2. When the price decreases, a signal is formed (orange labels), which implies an upward movement.
  3. In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
  4. 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