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.
NZDUSD Analysis – November 20
NZDUSD continues its upward correction as the price leaves the discount zone. According to MA Cross Periods 50 and 200, the market’s overall trend is negative. In an attempt to break out of the discount zone, the market is going through a significant positive retracement. Upon reaching the premium zone, the negative trend is probably going to pick back up.
NZDUSD Key Levels
Demand Zones: $0.58130, $0.55120
Supply Zones: $0.60540, $0.64110
NZDUSD Long-Term Trend: Bearish
The market is in a bearish channel due to the long-term decline in the value of NZDUSD. The price has been falling since early this year as it left the premium zone. From the $0.64110 supply zone, the market crashed algorithmically, clearing minor supports along its path. In the second quarter of the year, a relatively equal high formed at $0.63840. The decline continued into the discount zone until the $0.60540 support was breached.
At first, the selling pressure was unable to breach the $0.60540 support level. The price exploded higher, hitting a roughly similar high of $0.63840. NZDUSD rebounded from the resistance level of $0.64110 and continued its downward trend.
On August 1, 2023, a bearish order block emerged as the negative trend continued. In the discount zone, the negative trend persisted until a new bottom developed at $0.57730. The MACD, or moving average convergence divergence, is currently crossing above the zero line, indicating that the market is correcting to the upside.
NZDUSD Short-Term Trend: Bullish
A change in the market structure occurred in November 2023 as a result of the price’s recent inability to make a lower low following the $0.57730 low. Based on the four-hour chart, the market is now in a positive trend. It is anticipated that NZDUSD will keep rising until it reaches the daily bearish order block at the premium.
Do you want to take your trading to the next level? Join the best platform for that here
- Min Deposit
- Visit Broker
- 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
- The Lowest Trading Costs
- 50% Welcome Bonus
- Award-winning 24 Hour Support
- 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