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 […]
Market Analysis – September 26 NZDUSD 0.63800 support fails to hold its ground. The market experienced a shift in sentiment after breaching the 0.63800 supply barrier and forming higher highs. However, the price action has turned negative as it continues to make lower lows. NZDUSD Key Levels Demand Levels: 0.60600, 0.57900, 0.55000Supply Levels: 0.63800, 0.65600, […]
Market analysis – September 18 NZDUSD price retests the 0.6000 key level. NZDUSD has experienced a significant decline, with new lower lows being reached. This is while holding onto its highs of before. The dive in price began in March 2021. In late October 2022, around the 0.55000 mark, this substantial fall came to a […]
Market Analysis – September 4 NZDUSD market direction turned bearish after the MACD (Moving Averages Convergence and Divergence) indicator signaled an oversold market in late July. The bullish order block failed to hold to establish the shift in the market structure. NZDUSD Key Levels Demand Levels: 0.5990, 0.5890, 0.5740 Supply Levels: 0.6130, 0.6270, 0.6410 NZDUSD […]
Market Analysis – August 28 NZDUSD price continues its downward spiral, driven by the relentless strength of the United States Dollar against the New Zealand Dollar. This unrelenting pressure has been orchestrated by market whales, who strategically capitalized on liquidity for short positions by triggering buy stops located just above the significant resistance level at […]
Market Analysis – July 31 NZDUSD has experienced a significant movement as it recently gaps away from the formidable resistance zone situated at 0.6380. This resistance level has been proven to be a staunch barrier to any bullish momentum on three separate occasions since February, showcasing its significance in influencing the price action of the […]
Market Analysis – July 23 The NZDUSD price has been confined within a well-defined range, oscillating between the resistance level at 0.6400 and the support level at 0.6100. During this period, the Stochastic indicator has proven to be an effective tool, providing valuable signals of price extremes and potential reversals as the market approaches the […]
