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, […]
Market Analysis – September 19 NZDUSD bearish sentiment has continued to persist recently. NZDUSD price has experienced a significant decline, breaking below the initial support level at 0.60300. It is crucial to monitor the Order Block zone next to see a continuation of the positive trend. NZDUSD Key Levels Demand Levels: 0.60000, 0.550000, 0.52000Supply Levels: […]
Market analysis – September 18 NZDUSD price retests the 0.6000 key level. NZDUSD has experienced a significant decline, with new lower lows being reached. This is while holding onto its highs of before. The dive in price began in March 2021. In late October 2022, around the 0.55000 mark, this substantial fall came to a […]
Market Analysis – August 28 NZDUSD price continues its downward spiral, driven by the relentless strength of the United States Dollar against the New Zealand Dollar. This unrelenting pressure has been orchestrated by market whales, who strategically capitalized on liquidity for short positions by triggering buy stops located just above the significant resistance level at […]
Market Analysis – July 23 The NZDUSD price has been confined within a well-defined range, oscillating between the resistance level at 0.6400 and the support level at 0.6100. During this period, the Stochastic indicator has proven to be an effective tool, providing valuable signals of price extremes and potential reversals as the market approaches the […]
Market Analysis – March 28 NZDUSD has experienced a breakout from a falling wedge on the daily timeframe. The Bears are unwilling to let go at the demand level, making it difficult for the price to rise after the bullish breakout. NZDUSD Key Levels Demand Levels: 0.6090, 0.5770, 0.5570 Supply Levels: 0.6230, 0.6350, 0.6500 NZDUSD […]
Market Analysis – February 6 NZDUSD has reacted off a confluence zone of 0.6530. The Bears utilized the opportunity to short the market at the test of the bearish trendline. NZDUSD Key Levels: Supply Levels: 0.6530, 0.6960, 0.7200 Demand Levels: 0.6140, 0.5750, 0.5510 NZDUSD Long-term Trend: Bearish The market turned bullish in September after testing […]
Market Analysis – February 26 NZDUSD has turned bearish on the daily timeframe. The third test of the downward trendline has fostered a selloff in the market. NZDUSD Key Zones Demand Zones: 0.620, 0.590, 0.560 Supply Zones: 0.650, 0.670, 0.700 NZDUSD Long-term Trend: Bearish Last year, the NZDUSD market experienced its first major break of […]
Market Analysis – February 21 NZDUSD has failed to break the 0.6500 supply level. The bearish trendline prompted the bearish displacement at the supply level. NZDUSD Key Levels Supply Levels: 0.6500, 0.7000, 0.7500Demand Levels: 0.6200, 0.5600, 0.5000 NZDUSD Long-term trend: Ranging The significant level of 0.6550 has played multiple demand and supply roles in the […]
