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

March 21, 2022 6:58:06 PM by Alexander Zorevyk
Forecast Details
PairNZDUSD
Direction Buy
StatusClosed (0.6860)
18:58
18:58
Mar. 21, 2022

+85 p
0.6945
Target 2
+60 p
0.6920
Target 1
0.6860
Entry
-60 p
0.6800
Stop Loss
Chart & Analyst Comments
main-buy-trend-2
  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 Ratios indicator shows the change in the ratio of market players towards sellers. Their increase while the uptrend may indicate the activity of averaging traders. This can serve as "fuel" for further uptrend.
  3. A significant cluster of sellers is below the current price, this is evidenced by a sharp increase in Profit Ratio every time the price decreases. Downward movement is difficult, correction is possible.
  4. MVP line is below the price and acts as a support level.
  5. The first target is at the level of the previous peak - 0.692, and the second one, in case of an active price increase, is at the level - 0.6945
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