NZDUSD - Upward trend will continue, Long trade by market price recommended
January 13, 2020 8:14:40 AM
Forecast Details
PairNZDUSD
Direction
Buy
StatusClosed (0.661)
+130 p
0.6770
Target 1
0.6640
Entry
-125 p
0.6515
Stop Loss
About Author
Patrick Yang
Expert
Related Links
Buy or Sell
More Pairs
Thanks for Voting!
Buy
Sell
Look like you are with the Crowd.
Fix it with Sentiment Strategy
Fix it with Sentiment Strategy
Congratulations! According to Sentiment Strategy you’ve made a right
decision.
You've already voted this pair. You can vote again later (when?) or try voting other
pair.
Total votes: 0
Buy or Sell
Chart & Analyst Comments
- 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.
- 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
- Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
- We are focused on the breakdown of the previous peak, the target at the level of 0.677.