The market has stabilized, the first signs of an uptrend appeared

Alex Zarevich Expert

Forecast Details

PairNZDUSD

Publication Time4/19/21 9:04 AM

Direction Buy

Status Closed (0.7160)

9:01

Apr. 19, 2021

Forecast

+85 p

0.7245

Target 2

+60 p

0.7220

Target 1

0.7160

Entry

-60 p

0.7100

Stop Loss

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.

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Sentiment

Forex

The market has stabilized, the first signs of an uptrend appeared

Chart & Analyst Comments