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 position ratio indicator, the market crowd favors a downward movement. We recommend buying.
  2. The activity of "fresh" sellers in an uptrend may indicate that the market crowd still does not believe in a bullish trend.
  3. The Profit Ratio indicator doesn't react on upward movement. This means that the movement is not fake.
  4. We are setting our stop loss at the level where there are not many of our market competitors stop losses.