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

April 29, 2021 3:03:34 PM by Alexander Zorevyk
Forecast Details
PairNZDUSD
Direction Buy
StatusClosed (0.718)
15:02
15:02
Apr. 29, 2021

+80 p
0.7315
Target 2
+50 p
0.7285
Target 1
0.7235
Entry
-55 p
0.7180
Stop Loss
Chart & Analyst Comments
NZDUSD - Upward trend will continue, Long trade by market price recommended
  1. According to the most brokers’ data, more than half of the traders are currently in short positions on NZDUSD. As a result, we recommend considering only Long trades at this time.
  2. The Delta of the Profit Ratio indicator exceeds the threshold value of 2%. An increase of NZDUSD price is expected.
  3. MVP line is below the price and acts as a support level.
  4. 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