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

January 13, 2020 8:14:40 AM by Patrick Yang
Forecast Details
PairNZDUSD
Direction Buy
StatusClosed (0.6610)
Start
End
Jan. 13, 2020
Jan. 20, 2020

+130 p
0.6770
Target 1
0.6640
Entry
-125 p
0.6515
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. For a while now, the Current Ratio indicator provides an opportunity for Long trade. We are using this signal as a basis for today’s trading forecast.
  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. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
  4. We are focused on the breakdown of the previous peak, the target at the level of 0.677.
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