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

September 15, 2021 8:42:24 AM by Alexander Zorevyk
Forecast Details
Direction Buy
StatusClosed (0.7115)
Sep. 15, 2021

+75 p
Target 2
+55 p
Target 1
-50 p
Stop Loss
Chart & Analyst Comments
  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. The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
  3. When the price decreases, a signal is formed (orange labels), which implies an upward movement.
  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 - 0.7155, and the second one, in case of an active price increase, is at the level - 0.7175
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