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

Alex Zarevich on FXSSI Alex Zarevich Expert
main-buy-market-trend-1
Forecast Details
PairNZDUSD
Publication Time12/27/22 8:24 AM
Direction Buy
Status Closed (0.6305)
8:24
8:24
Dec. 27, 2022
Forecast
+55 p
0.6360
Target 1
0.6305
Entry
-55 p
0.6250
Stop Loss
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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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