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

April 9, 2021 7:41:31 AM by Alex Zarevich
Forecast Details
PairNZDUSD
Direction Buy
StatusClosed (0.7030)
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
main-buy-market-trend-1
  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
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