- The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
- When the price decreases, a signal is formed (orange labels), which implies an upward movement.
- The increase in sellers is observed both in the upward movement and in the retracement movements. Retail traders still believe in the possibility of price decrease.
- MVP line is below the price and acts as a support level.
- The first target is at the level of the previous peak - 0.718, and the second one, in case of an active price increase, is at the level - 0.72
The market has stabilized, the first signs of an uptrend appeared
September 10, 2021 10:18:16 AM
Forecast Details
PairNZDUSD
Direction
Buy
StatusClosed (0.7110)
+70 p
0.7200
Target 2
+50 p
0.7180
Target 1
0.7130
Entry
-50 p
0.7080
Stop Loss
Chart & Analyst Comments
