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 – February 12
NZDUSD remains trapped between the supply level of 0.650 and the demand level of 0.620. Relatively higher lows and highs formed in the consolidation region.
NZDUSD Key Zones
Demand Zones: 0.620, 0.590, 0.560
Supply Zones: 0.650, 0.670, 0.700
NZDUSD Long-term Trend: Bullish
NZDUSD bullish momentum has greatly declined since the supply level at 0.650 was reached. The last wave of bearish motion resulted in a price decline from 0.650 to 0.560. The Stochastic indicator indicated an oversold market at 0.560. After driving the price down for nearly two months without stopping, the sellers were exhausted. The Bulls gained control promptly in October. Immediately after the cross of the Moving Averages (MA) (periods nine and twenty-one), the market left the oversold region as seen on the Stochastic indicator. The moving averages repositioned themselves beneath the daily candles until the supply level of 0.650 was reached.
After the draw on the first liquidity pool at 0.650 was reached, the bullish momentum declined greatly. The buyers have lethargically created a new high, still hanging at 0.650. The second test of the supply level of 0.650 prompted a sell-off as the market was already overbought.
NZDUSD Short-term Trend: Bearish
The market has reached the gently sloping support trend line. The Stochastic indicator is currently oversold on the daily chart and the 4-hour chart. The market is expected to bounce back to the resistance level of 0.650.
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
