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

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