NZDUSD Market Is Preparing to Continue Its Trend Downward

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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 […]

NZDUSD Market Trend Remains Bearish

NZDUSD Bears Are Driving the Market Into a Major Demand Zone

NZDUSD Bears Are Leading the Market Towards a Major Demand Zone

NZDUSD Bears Are Leading the Market Towards a Major Demand Zone

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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 Is Set for a Bearish Breakout

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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 Has Leaped off the Demand Level at $0.6220

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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 Offers Sell-Side Delivery

NZDUSD Continues Its Back and Forth Movement in a Bearish Market

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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 Dips Into an Oversold Level

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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 […]