NZDUSD Analysis – November 20 NZDUSD continues its upward correction as the price leaves the discount zone. According to MA Cross Periods 50 and 200, the market’s overall trend is negative. In an attempt to break out of the discount zone, the market is going through a significant positive retracement. Upon reaching the premium zone, […]
Market Analysis – November 14 NZDUSD Resumes Downward Trend premium range. NZDUSD price crashed after a false bullish breakout above 0.6040. The speed of the price delivery to the demand level of 0.5770 was very quick. The support level of 0.5860 was broken to continue the down. trend. The impulse price delivery gave room for […]
Market Analysis – November 7 NZDUSD attempts a bullish breakout from a falling wedge. The current price surge from the demand level of 0.5750 threatens the resistance trendline that forms the falling wedge. NZDUSD Market Zones: Demand Zones: 0.5750, 0.5800, 0.5860Supply Zones: 0.6040, 0.6230, 0.6400 NZDUSD Long-Term Trend: Bearish The major highs and lows established […]
Market Analysis – November 2 NZDUSD encounters a significant decline after failing to surpass the 0.70000 level. The market experienced a sharp downpour, reaching a low point at the 0.55400 level. NZDUSD Key Levels Demand Levels: 0.60600, 0.65200, 0.70000 Supply Levels: 0.58500, 0.55400, 0.53600 NZDUSD Long-Term Trend: Bearish The price subsequently started forming lower lows […]
Market Analysis – October 27 NZDUSD reverses as the price breaks through the 0.63650 level. This indicates a bullish break in the market structure. However, the price is beginning to establish regular lower lows, causing the price to retrace. NZDUSD Key Levels Demand Levels: 0.60300, 0.58000, 0.55250Supply Levels: 0.63650, 0.65600, 0.67300 NZDUSD Long-Term Trend: Bullish […]
Market Analysis – October 18 NZDUSD pair sees a pullback in price, breaking the market structure and signaling a shift in sentiment towards bullishness. As a result, the price started to drop as investors filled in long orders at a discounted price. NZDUSD Key Levels Demand Levels: 0.58900, 0.58150, 0.55650 Supply Levels: 0.62300, 0.64000, 0.65300 […]
Market Analysis – October 10 NZDUSD encounters significant resistance at the 0.64100 level. Despite numerous efforts, pricing was unable to break beyond the 0.64100 barrier, ultimately plummeting. NZDUSD Key Levels Demand Levels: 0.60700, 0.58200, 0.55500Supply Levels: 0.64100, 0.65850, 0.67200 NZDUSD Long-Term Trend: Bearish NZDUSD pair exhibited a bearish outlook as it encountered the 0.64100 level. […]
Market Analysis – October 2 NZDUSD bearish trend consistently respects the bearish trend line. Although the price briefly crossed the trend line in the middle of July 2023, it was unable to sustain the trend change and quickly reversed. NZDUSD Key Levels Demand Levels: 0.60700, 0.58000, 0.55000Supply Levels: 0.62800, 0.65000, 0.69200 NZDUSD Long-Term Trend: Bearish […]
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, […]
