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

January 27, 2021 8:29:13 AM by Alexander Zorevyk
Forecast Details
PairNZDUSD
Direction Buy
StatusClosed (0.7160)
8:27
8:27
Jan. 27, 2021

+90 p
0.7315
Target 2
+60 p
0.7285
Target 1
0.7225
Entry
-65 p
0.7160
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  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. The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  3. MVP line is below the price and acts as a support level.
  4. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
  5. The first target is at the level of the previous peak - 0.7285, and the second one, in case of an active price increase, is at the level - 0.7315
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