NZDUSD - Upward trend will continue, Long trade by market price recommended
July 21, 2020 6:00:06 AM
Forecast Details
PairNZDUSD
Direction
Buy
StatusClosed (0.664)
+75 p
0.6640
Target 2
+50 p
0.6615
Target 1
0.6565
Entry
-55 p
0.6510
Stop Loss
About Author
Alexander Zorevyk
Expert
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Total votes: 4
Buy or Sell
Chart & Analyst Comments
- Since the CurrentRatio sentiment indicator informs us that the market crowd is selling, we should consider sticking to Buy Orders.
- The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
- MVP line is below the price and acts as a support level.
- Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
- The SLC indicator displays a cluster of Stop Losses and Stop orders at the previous high level, which according to our forecast, is good for placing Take Profit.
