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 – 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, 0.52000
Supply Levels: 0.65200, 0.69800, 0.72000
NZDUSD Long-Term Trend: Bullish
The market break in mid-December 2022 marked the end of the initial bearish trend. However, despite the potential for the trend to continue with a higher high, it failed to do so as a lower low was established in early March 2023.
i
Since then, the price action has been predominantly bearish. The support level at 0.603000 was expected to halt further downward movement, but it proved ineffective. This indicates a strong negative bias in the market.
i
The bear market remains active with the price currently below the moving average and the recent structural break. For the price, the Order Block zone is meant to act as a potential turning point. This will happen when the 0.55000 level is respected.
NZDUSD Short-Term Trend: Bearish
On the 4-hour chart, there is a bearish structure break and a price decline, as indicated by the downward movement suggested by the Moving Average. Additionally, the Relative Strength Index is crossing below the 70.0 level, indicating that the price is moving out of the overbought area.
i
Do you want to take your trading to the next level? Join the best platform for that here
- Broker
- Min Deposit
- Score
- Visit Broker
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Award-winning Cryptocurrency trading platform
- 14 Cryptoassets available to invest in
- FCA & Cysec regulated
Highly volatile unregulated investment products. No EU investor protection.
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus