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 19
NZDUSD is presently undergoing a corrective phase after experiencing a significant shift towards the prominent value of 0.6000. This displacement has attracted attention, and now the price is drawing closer to the fair value gap, seeking to test the effectiveness of the mitigation block in the 24-hour timeframe. Traders and analysts are anticipating a massive sell-off due to the current overbought condition signaled by the Stochastic indicator across both lower and higher timeframes.
NZDUSD Key Levels
Demand Levels: 0.6100, 0.5900, 0.5800
Supply Levels: 0.6400, 0.6500, 0.6600
NZDUSD Long-term Trend: Bearish
Analyzing the long-term trend of NZDUSD, it becomes apparent that influential market participants, commonly referred to as “whales,” strategically executed short positions. These traders sourced liquidity from the equal highs formed in April. The pivotal point came with the break of the significant zone at 0.6200, signaling a shift in market direction towards bearish sentiment.
As the market progressed, a pullback occurred, bringing the price to a breaker block positioned within the significant zone of 0.6200. This level holds particular significance in market analysis. The Stochastic indicator, a popular technical tool, indicates that the price has become overbought, suggesting a potential reversal in the near term. Presently, the price action of NZDUSD is characterized by a bearish channel observable on the 24-hour chart.
NZDUSD Short-term Trend: Bullish
The market structure observed on the 4-hour chart exhibits a bullish pattern. However, there are indications of a bearish reversal on the horizon, which could potentially disrupt the current bullish momentum. This reversal, once materialized, is expected to resume the overall bearish trend observed on the daily chart.
Do you want to take your trading to the next level? Join the best platform for that here
- Broker
- Min Deposit
- Score
- Visit Broker
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Award-winning Cryptocurrency trading platform
- 14 Cryptoassets available to invest in
- FCA & Cysec regulated
Highly volatile unregulated investment products. No EU investor protection.
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus