- 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
NZDUSD - Upward trend will continue, Long trade by market price recommended
March 12, 2021 7:59:01 AM
Forecast Details
PairNZDUSD
Direction
Buy
StatusClosed (0.7190)
+90 p
0.7280
Target 2
+60 p
0.7250
Target 1
0.7190
Entry
-65 p
0.7125
Stop Loss
Chart & Analyst Comments
