Market Analysis – February 26 NZDUSD has turned bearish on the daily timeframe. The third test of the downward trendline has fostered a selloff in the market. NZDUSD Key Zones Demand Zones: 0.620, 0.590, 0.560 Supply Zones: 0.650, 0.670, 0.700 NZDUSD Long-term Trend: Bearish Last year, the NZDUSD market experienced its first major break of […]
Market Analysis – February 21 NZDUSD has failed to break the 0.6500 supply level. The bearish trendline prompted the bearish displacement at the supply level. NZDUSD Key Levels Supply Levels: 0.6500, 0.7000, 0.7500Demand Levels: 0.6200, 0.5600, 0.5000 NZDUSD Long-term trend: Ranging The significant level of 0.6550 has played multiple demand and supply roles in the […]
Market Analysis – February 12 NZDUSD remains trapped between the supply level of 0.650 and the demand level of 0.620. Relatively higher lows and highs formed in the consolidation region. NZDUSD Key Zones Demand Zones: 0.620, 0.590, 0.560 Supply Zones: 0.650, 0.670, 0.700 NZDUSD Long-term Trend: Bullish NZDUSD bullish momentum has greatly declined since the […]
Market Analysis – January 29 NZDUSD’s bullish strength declines as the market reaches higher prices. The slope of the uptrend is now gentle as the market rises. KIWI Key Zones Resistance Levels: 0.650, 0.700, 0.750 Support Levels: 0.620, 0.560, 0.500 NZDUSD Long-Term Trend: Bullish NZDUSD’s price declined steadily as the market formed lower highs and […]
Market Analysis – December 19 NZDUSD delivers buy-side motion to mitigate the sell-side delivery of the market. The market was on a downward trend in April. Bears’ selling pressure was obvious with the steep slope of the downtrend. NZDUSD Major Levels Support Levels:0.6200, 0.6000, 0.5600 Resistances levels: 0.7000, 0.6570 0.6450 NZDUSD Long-term trend: Bullish The […]
NZDUSD Analysis – December 4 NZDUSD traders could change the price setup as buyers are more likely to be opposed at the 0.64500 key zone. The buyers have been making a desirous effort to push the buying activity forward. However, based on technical analysis, the 0.64500 significant level has proven to be a vital level […]
NZDUSD Analysis – November 27 NZDUSD finally enters an oversold region according to the Relative Strength Index (RSI). However, before the time price entered the oversold region, the market was typically bullish in the current impulse leg. NZDUSD Significant Zones Demand Zones: 0.5870, 0.5510Supply Zones: 0.6470, 0.7030 NZDUSD Long-term Trend: Bearish The Moving Average indicator […]
NZDUSD Analysis – November 20 NZDUSD enters the supply zone at 0.6470 to execute sell orders. In anticipation of the market entering the supply zone, the bears had already placed sell orders at the 0.6470 zone. A bearish order block transpired on both the weekly and the daily time frames after a price delivery to […]
NZDUSD Analysis – November 13 NZDUSD is preparing for a retracement to the downside after hitting the 61.8% retracement level. Until the 13th of last month, the market was clearly in a downtrend. Though the NZDUSD buyers were privileged to make some successful trades as the market retraced upward, for a very long time, the […]
