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

March 12, 2021 7:59:01 AM by Alexander Zorevyk
Forecast Details
PairNZDUSD
Direction Buy
StatusClosed (0.7190)
7:56
7:56
Mar. 12, 2021

+90 p
0.7280
Target 2
+60 p
0.7250
Target 1
0.7190
Entry
-65 p
0.7125
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  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 Delta of the Profit Ratio indicator exceeds the threshold value of 2%. An increase of NZDUSD price is expected.
  3. The decrease in the buyers volume, together with the increase in the sellers volume, confirms the need to Buy, according to our trading idea.
  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 - 0.725, and the second one, in case of an active price increase, is at the level - 0.728
    index: 1x 0.03311014175415s
t_/pages/forecast: 1x 0.030167818069458s
t_/common/header-new: 1x 0.019076824188232s
t_/common/head: 1x 0.015968799591064s
t_/common/footer-new: 1x 0.0021631717681885s
router_page: 1x 0.0013370513916016s
router: 1x 0.00065994262695312s
t_/popups/on-download: 1x 0.00046801567077637s
service-routes: 1x 0.00027298927307129s
router_redirection: 1x 0.00013494491577148s
t_/popups/zoom: 1x 2.6941299438477E-5s
----- END OF DUMP (2022-01-16 21:54:01)  -----