Market Analysis – February 28 NZDUSD breaks out of a temporary bearish phase in the latest market analysis. The NZDUSD demonstrates a departure from its short-lived bearish trajectory. Initially, the market exhibited a bullish inclination until encountering a notable peak at the 0.63650 supply level. The subsequent rejection at this juncture led to a temporary […]
Market Analysis – February 20 The NZDUSD bearish trend reverses as it fails to establish a lower low. The price created a lower low in late October 2023, which was followed by a structured break. The break in structure formed a breaker block, which was a potential entry point for the market. NZDUSD Key Levels […]
Market Analysis – February 15 NZDUSD reverses its bullish trend and resumes its initial bearish trend. Following a notable peak in mid-July 2023, there was a substantial downturn in price. Despite the shift to a bullish trend in early November, this momentum was ultimately broken, resulting in a continued decline. NZDUSD Key Levels Demand Zones: […]
NZDUSD Analysis – January 8 NZDUSD is set to resume its uptrend as the price approaches the discount zone and the oversold state, according to the Stochastic Oscillator. The bounce off the $0.6410 resistance led to an increase in selling momentum, causing the price to reach the demand zone at $0.5770. The market then entered […]
NZDUSD Analysis – December 26 NZDUSD sets for a short-term retracement as the market becomes overbought. The general market trend maintains a bullish stance, even in light of the extended overbought signal suggested by the Stochastic Oscillator. Evidently, NZDUSD is approaching the prior peak of $0.64100. Nevertheless, a brief pullback is anticipated as the price […]
Market Analysis – December 17 NZDUSD weakens at the premium zone as the price approaches the diagonal resistance. The NZDUSD is highly characterized by its fluctuation since the beginning of the year. The fluctuation indicates the bulls’ and bears’ interest in taking control of the market at every support and resistance. However, the bulls have […]
NZDUSD Analysis – December 12 NZDUSD shows signs of decline as the price expands further into the overbought region, according to the RSI (Relative Strength Index). However, the indication of the Moving Averages, still shows that the market’s overall trend is bullish. Following the emergence of the impending decline, NZDUSD is likely to resume […]
NZDUSD Analysis – December 3 NZDUSD remains bullish as buyers keep storming the market with more buy orders. The bounce of the major trendline in early November caused the bears to exit the market. Following the CHoCH, the market has remained in an upward trend, with prices heading to the $0.64100 major high. NZDUSD Key […]
Market Analysis – November 14 NZDUSD Resumes Downward Trend premium range. NZDUSD price crashed after a false bullish breakout above 0.6040. The speed of the price delivery to the demand level of 0.5770 was very quick. The support level of 0.5860 was broken to continue the down. trend. The impulse price delivery gave room for […]
