Market Analysis – April 5 The NZDUSD pair has recently undergone a significant shift as it emerged from a consolidation phase with a bearish breakout in mid-March. This consolidation was delineated by the notable resistance level of 0.6200 and the supporting level of 0.6040. Following the breakout, the descent led to a test of a […]
Market Analysis – March 17 NZDUSD consolidates ahead of a potential decline. NZDUSD has been observed to lurk in a consolidation phase, suggesting a buildup of selling pressure. This would likely precede a downward movement. The Fair Value Gap also serves as a price level that attracts sell orders. NZDUSD Key Levels Demand Zones: 0.59900, […]
NZDUSD Analysis – March 11 The NZDUSD pair continues to demonstrate a robust bullish trend, characterized by a noteworthy resurgence after a brief period of decline lasting approximately one month. This resurgence suggests a strong inclination towards reaching and potentially surpassing the prevailing supply levels. Key Levels for NZDUSD Demand Zones: 0.60469, 0.58860 Supply Zones: […]
Market Analysis – February 28 NZDUSD breaks out of a temporary bearish phase in the latest market analysis. The NZDUSD demonstrates a departure from its short-lived bearish trajectory. Initially, the market exhibited a bullish inclination until encountering a notable peak at the 0.63650 supply level. The subsequent rejection at this juncture led to a temporary […]
Market Analysis – February 15 NZDUSD reverses its bullish trend and resumes its initial bearish trend. Following a notable peak in mid-July 2023, there was a substantial downturn in price. Despite the shift to a bullish trend in early November, this momentum was ultimately broken, resulting in a continued decline. NZDUSD Key Levels Demand Zones: […]
NZDUSD Analysis – January 31 The NZDUSD is poised for an upward retracement due to the oversold market conditions signalled by the Stochastic Oscillator. Even though there is a possibility of a bounce, the prevailing sentiment in the broader market suggests a bearish inclination. The ongoing retracement may be followed by the potential resumption of […]
NZDUSD Analysis – January 8 NZDUSD is set to resume its uptrend as the price approaches the discount zone and the oversold state, according to the Stochastic Oscillator. The bounce off the $0.6410 resistance led to an increase in selling momentum, causing the price to reach the demand zone at $0.5770. The market then entered […]
Market Analysis – December 17 NZDUSD weakens at the premium zone as the price approaches the diagonal resistance. The NZDUSD is highly characterized by its fluctuation since the beginning of the year. The fluctuation indicates the bulls’ and bears’ interest in taking control of the market at every support and resistance. However, the bulls have […]
NZDUSD Analysis – December 12 NZDUSD shows signs of decline as the price expands further into the overbought region, according to the RSI (Relative Strength Index). However, the indication of the Moving Averages, still shows that the market’s overall trend is bullish. Following the emergence of the impending decline, NZDUSD is likely to resume […]
