Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
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 – October 27
NZDUSD reverses as the price breaks through the 0.63650 level. This indicates a bullish break in the market structure. However, the price is beginning to establish regular lower lows, causing the price to retrace.
NZDUSD Key Levels
Demand Levels: 0.60300, 0.58000, 0.55250
Supply Levels: 0.63650, 0.65600, 0.67300
NZDUSD Long-Term Trend: Bullish
Due to the bullish break in the structure, the bearish trend came to a halt. The supply level of 0.63650 was breached by a price rise.
However, the bullish momentum in the price ceased when it reached the 0.65600 supply level. Price retracement occurs as a result of this.
Since the market is currently retracing well below the 0.5 Fibonacci line, the price is in a discount area and getting ready to buy. Price is expected to reach the Breaker Block, after which there will be a bullish market change as a confluence for bullish price action.
NZDUSD Short-Term Trend: Bearish
The current price action is indicating a bearish trend as a result of the recent formation of a lower low. However, the overall bias remains bullish, and the price is approaching the Breaker Block, which is expected to trigger a reversal in the current 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
