Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
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, 0.5860
Supply Zones: 0.6040, 0.6230, 0.6400
NZDUSD Long-Term Trend: Bearish
The major highs and lows established since June have formed a falling wedge on the twenty-four-hour chart. The price rallied above the relative equal highs of 0.6400 to create a false breakout. The liquidity resting above the highs was been utilized to engineer a new bearish trend. The market crashed with a steep slope to the support level of 0.5860.
NZDUSD consolidated from August into early October. Once again the market manipulation was observed with the price running to 0.6040 above the consolidation range to engineer a new bearish break of structure. The Stochastic indicator signaled the fall in price. The Oscillator lurked in the overbought region when the price was at 0.6040.
NZDUSD Short-Term Trend: Bullish
On the daily chart, three white soldiers appeared from the support level of 0.5800. The momentum of the price surge is very strong as seen in the indicator phase below. NZDUSD attempts a bullish breakout. The price is already pushing above the resisting trend line of the falling wedge. The price is expected to reach the closest resistance of 0.6040.
Do you want to take your trading to the next level? Join the best platform for that here
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus