NZDUSD - Upward trend will continue, Long trade by market price recommended
March 12, 2021 7:59:01 AM
Forecast Details
PairNZDUSD
Direction
Buy
StatusClosed (0.719)
+90 p
0.7280
Target 2
+60 p
0.7250
Target 1
0.7190
Entry
-65 p
0.7125
Stop Loss
About Author
Alexander Zorevyk
Expert
Related Links
Buy or Sell
More Pairs
Thanks for Voting!
Buy
Sell
Look like you are with the Crowd.
Fix it with Sentiment Strategy
Fix it with Sentiment Strategy
Congratulations! According to Sentiment Strategy you’ve made a right
decision.
You've already voted this pair. You can vote again later (when?) or try voting other
pair.
Total votes: 3
Buy or Sell
Chart & Analyst Comments
- 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.
- The Delta of the Profit Ratio indicator exceeds the threshold value of 2%. An increase of NZDUSD price is expected.
- The decrease in the buyers volume, together with the increase in the sellers volume, confirms the need to Buy, according to our trading idea.
- MVP line is below the price and acts as a support level.
- 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
