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 […]
Market Analysis – March 28 NZDUSD has experienced a breakout from a falling wedge on the daily timeframe. The Bears are unwilling to let go at the demand level, making it difficult for the price to rise after the bullish breakout. NZDUSD Key Levels Demand Levels: 0.6090, 0.5770, 0.5570 Supply Levels: 0.6230, 0.6350, 0.6500 NZDUSD […]
Market Analysis – March 12 NZDUSD has experienced a bearish market reversal. The market is descending through a falling wedge on the daily chart. The bears have made the first attempt to break the 0.6090 support level. NZDUSD Key Levels Supply Levels: 0.6500, 0.6350, 0.6230 Demand Levels: 0.6090, 0.5770, 0.5570 NZDUSD Long-term Trend: Bearish NZDUSD […]
Market Analysis – February 6 NZDUSD has reacted off a confluence zone of 0.6530. The Bears utilized the opportunity to short the market at the test of the bearish trendline. NZDUSD Key Levels: Supply Levels: 0.6530, 0.6960, 0.7200 Demand Levels: 0.6140, 0.5750, 0.5510 NZDUSD Long-term Trend: Bearish The market turned bullish in September after testing […]
