NZDUSD - Upward trend will continue, Long trade by market price recommended
September 15, 2021 8:42:24 AM
Forecast Details
PairNZDUSD
Direction
Buy
StatusClosed (0.7115)
+75 p
0.7175
Target 2
+55 p
0.7155
Target 1
0.7100
Entry
-50 p
0.7050
Stop Loss
About Author
Alexander Zorevyk
Expert
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Total votes: 4
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Chart & Analyst Comments
- The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
- The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
- When the price decreases, a signal is formed (orange labels), which implies an upward movement.
- MVP line is below the price and acts as a support level.
- 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
