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

July 10, 2019 5:59:21 AM by Alexander Zorevyk
Forecast Details
PairNZDUSD
Direction Buy
StatusClosed (0.664)
5:57
5:57
Jul. 10, 2019

+40 p
0.6640
Target 1
0.6600
Entry
-40 p
0.6560
Stop Loss
Chart & Analyst Comments
NZDUSD - Upward trend will continue, Long trade by market price recommended
  1. When the price decreases, a signal is formed (orange labels), which implies an upward movement.
  2. The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
  3. We see two clusters of stop losses above the price on which we set our first and second targets according to our forecast.