NZD/USD skyrockets towards the targets
It's a daily chart of NZD/USD. From the 19th of March 2020, it started to rise and still moving upward. For an easy understanding of the trend, I have applied the DMI and SuperTrend.
Let's take a look at indicators,
DI+ is above DI- that means the trend will continue to move upside. ADX is greater than 25, which also indicates the upside movement.
Now talking about the trend,
At present, the trend is moving upward, and it's marching towards the targets, which are 0.7160 - 0.7260. But if the trend crosses the control price and successfully makes consecutive candles, then targets for the fall will be 0.6900 - 0.6800.
Let's take a look at indicators,
DI+ is above DI- that means the trend will continue to move upside. ADX is greater than 25, which also indicates the upside movement.
Now talking about the trend,
At present, the trend is moving upward, and it's marching towards the targets, which are 0.7160 - 0.7260. But if the trend crosses the control price and successfully makes consecutive candles, then targets for the fall will be 0.6900 - 0.6800.
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