The market has stabilized, the first signs of an uptrend appeared
April 19, 2021 9:04:10 AM
Forecast Details
PairNZDUSD
Direction
Buy
StatusClosed (0.716)
+85 p
0.7245
Target 2
+60 p
0.7220
Target 1
0.7160
Entry
-60 p
0.7100
Stop Loss
About Author
Alexander Zorevyk
Expert
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Chart & Analyst Comments
- 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.
- The Profit Ratio reversal indicator doesn't react on upward movement. This means that the movement is not fake.
- The increase in sellers is observed both in the upward movement and in the retracement movements. Retail traders still believe in the possibility of price decrease.
- Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
- The rise in price will be accompanied by triggering of the market crowd’s Stop Losses, which in turn will serve as a “fuel” for the upward movement.
