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

March 10, 2021 7:48:11 AM by Alex Zarevich
Forecast Details
PairNZDUSD
Direction Buy
StatusClosed (0.7210)
7:46
7:46
Mar. 10, 2021

+70 p
0.7220
Target 2
+50 p
0.7200
Target 1
0.7150
Entry
-50 p
0.7100
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. Majority of traders are still holding onto Shorts. This means we should continue to Buy NZDUSD.
  2. In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
  3. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
  4. The SLC indicator displays the levels where there are Stop Losses acting as targets for our trading idea.
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