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The market has stabilized, the first signs of an uptrend appeared

March 31, 2022 4:34:52 PM by Alexander Zorevyk
Forecast Details
PairNZDUSD
Direction Buy
StatusClosed (0.6900)
16:34
16:34
Mar. 31, 2022

+100 p
0.7000
Target 2
+70 p
0.6970
Target 1
0.6900
Entry
-65 p
0.6835
Stop Loss
Chart & Analyst Comments
main-buy-trend-2

For today's forecast, we recommend a Buy Order at this recommended market price - 0.69. This idea is based on the following analysis:

  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 activity of "fresh" sellers in a downtrend may indicate that the market expects the recovery of the bear trend. However, according to our analysis, this movement is corrective and we expect the price to go up
  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 - 0.697, and the second one, in case of an active price increase, is at the level - 0.7
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