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

April 29, 2021 3:03:34 PM by Alex Zarevich
Forecast Details
Direction Buy
StatusClosed (0.7180)
Apr. 29, 2021

+80 p
Target 2
+50 p
Target 1
-55 p
Stop Loss
Chart & Analyst Comments
  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
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