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

July 16, 2019 4:59:16 AM by Alexander Zorevyk
Forecast Details
PairNZDUSD
Direction Buy
StatusClosed (0.674)
4:53
4:53
Jul. 16, 2019

+60 p
0.6790
Target 1
0.6730
Entry
-70 p
0.6660
Stop Loss
Chart & Analyst Comments
NZDUSD - Upward trend will continue, Long trade by market price recommended
  1. According to the Current Ratio indicator, the market crowd inclined to believe in a downward movement. We recommend Long trade for today.
  2. The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  3. The Profit Ratio reversal indicator doesn't react on upward movement. This means that the movement is not fake.
  4. We are setting Stop Loss for our Buy trade at the level with the lowest amount of stop losses of other market participants.