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 – March 12
NZDUSD has experienced a bearish market reversal. The market is descending through a falling wedge on the daily chart. The bears have made the first attempt to break the 0.6090 support level.
NZDUSD Key Levels
Supply Levels: 0.6500, 0.6350, 0.6230
Demand Levels: 0.6090, 0.5770, 0.5570
NZDUSD Long-term Trend: Bearish
NZDUSD market was on a downward trend during August and September last year. The daily candles rested below the Moving Average (period 20) within the Bollinger Bands to reveal the bearish nature of the market during the period. The market experienced a bullish reversal after a short-term consolidation in early October. The Bulls attempted to force through the 0.5570. The demand level was well-defended, and with a great influx of bulls, the market reversed.
The market ascended rapidly to the liquidity pool, which was resting at 0.6500, above the major high of the bearish swing. The bullish trendline that aided the price rise was broken in December after the Stochastic signaled the market was overbought. The market created a range again before the new market reversal.
The month of February opened with a bearish shift in market structure. The Stochastic sank to the oversold level swiftly at the appearance of a large bearish candle.
NZDUSD Short-term Trend: Bearish
On the 4-hour chart, the candles have reached the upper border of the falling wedge. The Stochastic indicator is currently overbought. The market is expected to fall back to the 0.6090 support level.
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
