NZDUSD - Upward trend will continue, Long trade by market price recommended
February 26, 2021 8:58:25 AM
Forecast Details
PairNZDUSD
Direction
Buy
StatusClosed (0.7275)
+105 p
0.7460
Target 2
+75 p
0.7430
Target 1
0.7355
Entry
-80 p
0.7275
Stop Loss
About Author
Alexander Zorevyk
Expert
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Total votes: 4
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Chart & Analyst Comments
- The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
- Downward movement is accompanied by the activity of sellers who will serve as a "fuel" for upward price movement.
- The MVP indicator shows the uptrend. We take this into account as one of the important factors in today's forecast.
- Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
- The trade is aimed at the previous high breakout. The SLC indicator signals us to set our target at the level where most Stop Losses are placed - 0.743
