- The Current Ratio indicator, which is used for quick market sentiment analysis, provides Buy signal at the moment.
- In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
- When the price decreases, a signal is formed (orange labels), which implies an upward movement.
- MVP line is below the price and acts as a support level.
- We see an accumulation of loss sellers below the current price in the right Order Book. This cluster can act as a support.
NZDUSD - Upward trend will continue, Long trade by market price recommended
October 28, 2021 5:39:05 AM
Forecast Details
PairNZDUSD
Direction
Buy
StatusClosed (0.7175)
+65 p
0.7240
Target 2
+45 p
0.7220
Target 1
0.7175
Entry
-45 p
0.7130
Stop Loss
Chart & Analyst Comments
