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 – May 14
NZDUSD witnessed a notable change in direction, indicating a shift toward bearish sentiment. The price rebounded from the oversold prices, as evidenced by the Williams % R (Range), igniting a sudden price rise that propelled it higher than the previous swing high of 0.63170. The bullish breakout has failed as the whales have opted for a dive to lower regions.
NZDUSD Major Levels
Demand levels: 0.61560, 0.60870, 0.59690
Supply levels: 0.63170, 0.64170, 0.65380
NZDUSD Long-term Trend: Bullish
The long-term direction of NZDUSD continued its upward trajectory after a temporary setback marked by Gravestone Doji candlesticks on April 5, 2023. The market swiftly declined, providing chances for a pullback into inefficiently traded regions and enticing sellers to take short positions. The Williams % R (Range) revealed an overbought status, and the Parabolic Stop and Reverse indicator confirmed the continuation of the prevailing direction. The market finally breached the demand level of 0.61650.
Significant bullish pressure emerged at the trade level of 0.61560, propelling the market into a price rise. The price swiftly exited the oversold levels on April 27, as observed through the Williams Percent Range. Additionally, Momentum highlighted a substantial rise in upward momentum. Consequently, the previous swing high of 0.63170 was surpassed.
NZDUSD Short-term Trend: Bearish
The market ascent failed to test 0.64170 before a change in market direction on the short-term trend was established. On the 24-hour timeframe, the decline still appears to be a pullback to retest a bearish trendline. The volatility experienced during the last consecutive days of price decline might eventually turn the pullback on the higher timeframe into a complete reversal to aim for 0.60870. The sweep of the lows above 0.60870 will establish a downtrend.
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
