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
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Total votes: 1
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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.
