NZDUSD Analysis – November 6 NZDUSD begins an uptrend within an ascending channel. Though the overall outlook of the market on higher time frames is bearish, the daily chart reveals an impending drastic change in the market environment. NZDUSD Significant Zones Demand Zones: 0.5510, 0.5440Supply Zones: 0.6160, 0.6470 NZDUSD Long-term Trend: Bullish Algorithmically, NZDUSD has […]
NZDUSD Analysis – October 23 NZDUSD changes direction as the market hits the demand zone. The demand zone at $0.5580 coincides with the four-hour rejection block. This rejection block also happened to be nested in the monthly rejection block at the previous low. The market has been in a bearish phase since the 5th of […]
NZDUSD Analysis – October 9 NZDUSD sellers continue the market trend to the downside. On the 5th of April, 2022, the market began to sink downward at the daily bearish order block. This daily bearish order block was formed on November 18, 2022. Ever since the rejection at the daily bearish order block, the market […]
NZDUSD Analysis – October 2 NZDUSD buyers stormed the market on October 2, 2021, as they re-entered the uptrend at the bullish order block. The bias of most participants in the market remains bearish, as it was until the confirmation of the market structure shift in the fourth quarter of last year. NZDUSD Significant Zones […]
NZDUSD Analysis – September 25 NZDUSD sellers relentlessly beset the market again with sell orders. Ever since the continuation in price declination on the 12th of August, 2022, the market has been crashing down so hard towards the oversold region. Before the continuation of the market’s declination, the market had been bearish while forming lower […]
NZDUSD Analysis – September 18 NZDUSD sellers take partial profits as the price retraces upward. The current market downtrend began in April 2022, after a return to an order block formed on the 17th of November, 2022. The return to the order block caused prices to crash downward with great momentum. NZDUSD Significant Zones Demand […]
NZDUSD Analysis – September 11 NZDUSD shows a sign of change in the market trend to the upside. Currently, there appear to be fewer buyers in the market due to the sudden decline of the NZDUSD in August 2022. Before the declination, the market was in an uptrend between January 28 and April 5 of […]
Market Analysis – September 4 NZDUSD sellers crash the market into the final wave as they head towards a demand zone. The market’s bearishness began on the 5th of April, 2022, a few weeks after the market was rejected to the upside at the previous support of 0.6470 on the 28th of January, 2022. Currently, […]
NZDUSD Analysis – August 21 NZDUSD bears close their short positions towards the demand zone at 0.6060. The current trend in the market is bearish as prices make lower lows and higher lows. This bearish movement on the daily timeframe began after the change in the market environment on the 8th of April, 2022. NZDUSD […]
