Black Friday Deal See Pricing
 

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

November 16, 2020 8:50:26 AM by Alexander Zorevyk
Forecast Details
PairNZDUSD
Direction Buy
StatusClosed (0.69)
8:48
8:48
Nov. 16, 2020

+90 p
0.6970
Target 2
+65 p
0.6945
Target 1
0.6880
Entry
-65 p
0.6815
Stop Loss
Chart & Analyst Comments
NZDUSD - Upward trend will continue, Long trade by market price recommended
  1. 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.
  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. MVP line is below the price and acts as a support level.
  4. The first target is at the level of the previous peak - 0.6945, and the second one, in case of an active price increase, is at the level - 0.697