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

July 21, 2020 6:00:06 AM by Alex Zarevich
Forecast Details
PairNZDUSD
Direction Buy
StatusClosed (0.6640)
5:58
5:58
Jul. 21, 2020

+75 p
0.6640
Target 2
+50 p
0.6615
Target 1
0.6565
Entry
-55 p
0.6510
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. Since the CurrentRatio sentiment indicator informs us that the market crowd is selling, we should consider sticking to Buy Orders.
  2. The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  3. MVP line is below the price and acts as a support level.
  4. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
  5. 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.
    index: 1x 8.976322889328s
t_/pages/forecast: 1x 0.049491167068481s
t_/common/header-new: 1x 0.031003952026367s
t_/common/head: 1x 0.025746822357178s
t_/common/footer-new: 1x 0.0045371055603027s
router_page: 1x 0.0033268928527832s
t_/popups/on-download: 1x 0.00080394744873047s
router: 1x 0.00075483322143555s
service-routes: 1x 0.00025796890258789s
router_redirection: 1x 0.00011301040649414s
t_/popups/zoom: 1x 7.3909759521484E-5s
----- END OF DUMP (2022-12-09 13:11:12)  -----