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

February 26, 2021 8:58:25 AM by Alexander Zorevyk
Forecast Details
Direction Buy
StatusClosed (0.7275)
Feb. 26, 2021

+105 p
Target 2
+75 p
Target 1
-80 p
Stop Loss
Chart & Analyst Comments
  1. The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
  2. Downward movement is accompanied by the activity of sellers who will serve as a "fuel" for upward price movement.
  3. The MVP indicator shows the uptrend. We take this into account as one of the important factors in today's forecast.
  4. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
  5. 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
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