NZDUSD - Upward trend will continue, Long trade by market price recommended
April 29, 2021 3:03:34 PM
Forecast Details
PairNZDUSD
Direction
Buy
StatusClosed (0.718)
+80 p
0.7315
Target 2
+50 p
0.7285
Target 1
0.7235
Entry
-55 p
0.7180
Stop Loss
About Author
Alexander Zorevyk
Expert
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Chart & Analyst Comments
- 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.
- The Delta of the Profit Ratio indicator exceeds the threshold value of 2%. An increase of NZDUSD price is expected.
- MVP line is below the price and acts as a support level.
- 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
