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

February 10, 2021 1:23:43 PM by Alexander Zorevyk
Forecast Details
PairNZDUSD
Direction Buy
StatusClosed (0.7235)
13:05
13:05
Feb. 10, 2021

+75 p
0.7285
Target 2
+50 p
0.7260
Target 1
0.7210
Entry
-55 p
0.7155
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. According to the most brokers’ data, more than half of the traders are currently in short positions on NZDUSD. As a result, we recommend considering only Long trades at this time.
  2. The number of profitable buyers has exceeded 75%. The uptrend is in its active phase. This confirms potential for a Long trade.
  3. MVP line is below the price and acts as a support level.
  4. The first target is at the level of the previous peak - 0.726, and the second one, in case of an active price increase, is at the level - 0.7285
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