NZDUSD Analysis – August 1 NZDUSD market is preparing to continue its trend downward. Immediately after the resistance level of 0.7330 was hit on February 22, 2021, a fake-out occurred, and the bears stormed the market. Before the bears completely dominated the market, NZDUSD had been rallying upward. Market Major Levels Resistance levels: 0.6530, 0.7330Support […]
Category: NZDUSD
NZDUSD Analysis – July 24 NZDUSD market trend remains bearish. Since early last year, the market has been in a downward trend. Prior to the beginning of this downtrend, the bulls were in control of the market. The bulls stormed the NZDUSD pair after an immediate rebuff at the local low of 0.5480, which is […]
NZDUSD Analysis – July 17 NZDUSD bears are driving the market into a major demand zone. For several months, the market has been in a downtrend along the daily timeline. The current downtrend began a few weeks ago due to the breakout below the previous support level at 0.6570. NZDUSD Major Zones Resistance levels: 0.6400, […]
NZDUSD Market Analysis- July 9 NZDUSD bears are leading the market towards a major demand zone. The daily timeframe on NZDUSD has been extremely bearish since the beginning of March 2021. The market has been descending through a creek for a few months now. The market keeps maintaining a trendline across its highs. The current […]
NZDUSD Market Analysis- Bears Are Leading the Market Towards 0.6000 NZDUSD bears are leading the market towards a major demand zone. The daily timeframe on NZDUSD has been extremely bearish since the beginning of March 2021. The market descended through a creek for a few months as it keeps maintaining a trendline across its highs. […]
NZDUSD Analysis – The Market Is Set for a Bearish Breakout NZDUSD is bearish on the daily time frame. The daily candles are currently resting under the Moving Averages period fifty (blue) and twenty (yellow). NZDUSD Key Levels Resistance levels: 0.6550, 0.6380Support levels: 0.6200, 0.6280 NZDUSD Long-Term Trend: Bearish NZDUSD is set for a bearish […]
NZDUSD Analysis – The Market Has Leaped off the Demand Level at $0.6220 NZDUSD has leaped off the major demand level at $0.6220. The support level at $0.6220 has prompted bullish activity. The bulls successfully secured the demand level. NZDUSD Key Levels Resistance levels: 0.6550, 0.6450 Support levels: 0.6220, 0.6300 NZDUSD Long Term Trend: Bearish […]
NZDUSD Analysis – June 13 NZDUSD offers sell-side delivery towards major support levels. The market has been bearish since the 5th of April 2022. A triple top was formed in March. This led to the bearish pressure that caused the New Zealand dollar to crash against the United State Dollar. NZDUSD Major Zones Resistance Levels: […]
NZDUSD Analysis – May 17 NZDUSD continues its back and forth movement in a bearish market. The price recently hit a solid impediment at the upper frame of its descending channel, which confluences with the 0.69460 resistance level. This resulted in a steep drop in price to a 2-year low of 0.62290. With this, the […]
NZDUSD Analysis – May 9 NZDUSD dips into an oversold level with the recent push through 0.6540. The market has been in a downtrend on the daily chart. The Moving Average period eighty-nine crossed the Moving Average period 200 to the downside during August last year. Ever since then, the market has been bearish. The […]
