NZDUSD Price Analysis – November 30 Price cracks through the support level of 0.68200 in the Kiwi market. NZDUSD price system has been in a downtrend for a long time. The market system has been stacked in favor of the bears, and market sellers can keep Kiwi in a downward trend. As a result of […]
NZDUSD Price Analysis – November 29 NZDUSD executes its double top formation to sink the price back to 0.68000. Since the price ascended to the 0.71500 key level on October 20th, the market has been unable to withstand the bears’ pressure. The market can be seen accumulating at two key levels to try to stop […]
NZDUSD Price Analysis – November 22 NZDUSD could drop as low as 0.68000 after it takes the pattern of a slanting double top formation. Over the past three months, NZDUSD has had a pattern of movement which is undulating. This is chiefly because of fluctuating strength of sellers and buyers. However, it all could work […]
NZDUSD Price Analysis – November 16 NZDUSD finds market support around the midway line of its consolidation zone. The market has been struggling to hold above the 0.71300 price line for a while, spanning up to 16 trading days. This happens such that price even dropped to the next support at 0.70900 but recovered in […]
NZDUSD Price Analysis – November 7 NZDUSD is under intense bearish pressure as it tries to navigate through the upper consolidation zone. Since ascending above the transition zone that separates the lower consolidation zone from the upper, the market hasn’t made much progress. Buyers are still overly engaged with trying to avoid a fall through […]
NZDUSD Price Analysis – October 31 NZDUSD holds above the 0.71560 price level after it surges up. The market had plunged to the 0.68100 level on the 29th of September, but it immediately began a recovery above the level. Price climbed into the 0.69510 critical support zone and holds above its lower border. After six […]
NZDUSD Price Analysis – October 24 NZDUSD cuts across its consolidation space to break into the upper consolidation zone. The market finally breaks above the 0.71560 critical supply line. This happens as the price surges directly from the demand level at 0.69510. It took just six days for NZDUSD to rise from the lower end […]
NZDUSD Price Analysis – October 19 NZDUSD races back to a key significant key level in a bullish market. Kiwi continues to amass maximum strength by pushing the price upward. The market accelerated, breaking through an important key level of 0.69800 before advancing upward. The sellers dropped from the 0.71500 price level down to the […]
NZDUSD Price Analysis – October 17 NZDUSD bounces higher after reacting strongly against the sellers. The bears tried to pin the market down to the weekly support. This initially made the price drill lower to 0.68800, but it recovered immediately back to the 0.69150 support. At this level, the market reacted strongly against the bulls, […]
