- The ratio of buyers and sellers is close to parity, it's time to think about price turning up.
- The Profit Ratio reversal indicator doesn't react on upward movement. This means that the movement is not fake.
- The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
- Set Take profit at the local price maximum.
NZDUSD - Upward trend will continue, Long trade by market price recommended
December 27, 2022 8:24:40 AM
Forecast Details
PairNZDUSD
Direction
Buy
StatusClosed (0.6305)
+55 p
0.6360
Target 1
0.6305
Entry
-55 p
0.6250
Stop Loss
Chart & Analyst Comments
