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 – June 4
NZDUSD has recently broken free from a consolidation phase. During the months of March and April, the Moving Averages (periods nine and twenty-one) exhibited sideways movement on the body of the daily candles, indicating a lack of clear direction during that period.
NZDUSD Key Levels
Demand levels: 0.6150, 0.6080, 0.5970
Supply Levels: 0.6320, 0.6420, 0.6540
NZDUSD Long-term Trend: Bearish
The emergence of three black crows signifies the significant selling pressure that propelled the breakout from the consolidation range. Following the last intersection of the Moving Averages, a ranging market results. Presently, the price is descending towards the demand level of 0.5970.
Within the consolidation phase, a bullish order block exists, suggesting a potential retracement. However, considering the magnitude of the sell-off, it is unlikely that a substantial pullback will occur before the price reaches the support level of 0.5950.
NZDUSD Short-term Trend: Bullish
On the 4-hour chart, the market structure has shifted. The candles have risen above the Moving Averages (periods nine and twenty-one), indicating an uptrend. It is anticipated that the price will experience a pullback towards the identified bullish order block on the daily chart, located above 0.6160, before resuming the overall bearish trend.
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
