The market has stabilized, the first signs of an uptrend appeared

September 10, 2021 10:18:16 AM by Alexander Zorevyk
Forecast Details
PairNZDUSD
Direction Buy
StatusClosed (0.711)
10:16
10:16
Sep. 10, 2021

+70 p
0.7200
Target 2
+50 p
0.7180
Target 1
0.7130
Entry
-50 p
0.7080
Stop Loss
Chart & Analyst Comments
The market has stabilized, the first signs of an uptrend appeared
  1. The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
  2. When the price decreases, a signal is formed (orange labels), which implies an upward movement.
  3. 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.
  4. MVP line is below the price and acts as a support level.
  5. 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