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

Alex Zarevich on FXSSI Alex Zarevich Expert
main-buy-market-trend-1
Forecast Details
PairNZDUSD
Publication Time4/9/21 7:41 AM
Direction Buy
Status Closed (0.7030)
7:18
7:18
Apr. 9, 2021
Forecast
+85 p
0.7100
Target 2
+55 p
0.7070
Target 1
0.7015
Entry
-60 p
0.6955
Stop Loss
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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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