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 […]
NZDUSD Analysis – May 2 NZDUSD impulsive breakout violates the support zone on the daily timeframe. The market has just completed another phase of correction and impulse. The market was in a phase of consolidation from April to June of last year. The consolidation was the correction phase before the impulsive phase. The MACD EMA […]
NZDUSD Analysis – April 25 NZDUSD creates a balance between the buy and sell sides of the market. The overall buy-side drive was initiated at the 0.6530 demand zone. The bulls impulsively crashed into the demand zone from the 20th of January till the 28th of January, when the demand zone was reached. The Relative […]
NZDUSD Analysis – April 18 NZDUSD experiences a successful breakout of the ascending channel on the 8th of April. The market was in a phase of consolidation from December to January. The Moving Averages crossed sideways until the 14th of January. A major displacement caused the market to dip to 0.6540. The sellers purged the […]
NZDUSD Market Analysis – April 11 NZDUSD respects the third touch on the trend line to continue its bearish momentum. A significant market shift was experienced on February 25th, 2021. The market peaked in the 0.7450 supply zone. There was a drop-base-drop pattern that led the market to 0.6950. The market retraced back to the […]
NZDUSD Market Analysis – March 4 NZDUSD progresses within a bearish parallel channel after the previous year’s high was reached on February 25, 2021. The previous year was bearish for the NZDUSD. The market reached its peak last year at 0.7450 at the beginning of the year. The bears gained control and sank the price […]
NZDUSD Market Analysis – March 21 NZDUSD is ready to soar to the previous high at 0.7200. The resistance level at 0.7200 ended the bullish rally initiated on October 13th, 2021. There was consolidation at the resistance zone, followed by a market direction change. On the 11th of November, a breakout caused the bears to […]
