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