NZDUSD Creates a Balance Between the Buy and Sell Sides of the Market
Login

NZDUSD Creates a Balance Between the Buy and Sell Sides of the Market

Estimated Reading Time: 3 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

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 Strength Index and the Stochastic indicated that the market was oversold. The bulls utilized the opportunity to go long in the market at the support level.


NZDUSD Major levels

Demand Zone: 0.6530 0.6730
Supply Zone: 0.6800 0.6980

NZDUSD Creates a Balance Between the Buy and Sell Sides of the Market NZDUSD Long Term Trend: Bearish

There was buy-side, and sell-side momentum fulfilled before the overall high was reached after the market took off from 0.6530. Three major circles of buy-side and sell-side drives were completed before overall resistance was faced at 0.6980. The first circle was initiated on February 7th with “three rising soldiers.” “Three Black Crows” completed the sell-side as well. The sell-side ended on the 14th of February after a swing high on the 10th of February. The second circle of buy-side and sell-side momentum that was fulfilled started with the bearish candle on March 1, 2022. The market created a double top pattern to signify a reversal to fulfil the sell-side run.

Two large bearish candles dived into 0.6730 to fulfil the sell-side run. The market created the last bullish run of the overall buy-side momentum from the demand zone at 0.6730 to the resistance at 0.6980. The last circle of buy-side and sell-side momentum that was fulfilled created the overall reversal to initiate the overall sell-side momentum. The Stochastic indicator and the Relative Strength Indicator indicated that the market was in an oversold region. The market experienced difficulty passing through 0.6980. On the 8th of April, the market violated the previous lows of the bullish trend at 0.6860. The structural market shift significantly signals the initiation of the sell-side in the market.

NZDUSD Creates a Balance Between the Buy and Sell Sides of the Market NZDUSD Short Term Trend: Bearish

The bears seek to dive the market to 0.6530. The market has been heavily bearish in the last few days of trading. The zone at 0.6530 is almost reached. The Stochastic indicator and the relative strength indicator indicate that the market is already oversold. Therefore, the market is expected to reverse after reaching 0.6530 to target the next major level at 0.6730.

How To Buy Lucky Block 

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News