• Home
  • Courses
  • Become An Instructor
  • Blog
  • Shop
Digital Skill Institute
  • Home
  • Courses
  • Become An Instructor
  • Blog
  • Shop
      • Login

    Daily Chart

    • Home
    • Blog
    • Daily Chart
    • NZDUSD Creates a Balance Between the Buy and Sell Sides of the Market

    NZDUSD Creates a Balance Between the Buy and Sell Sides of the Market

    • Posted by DigitalLeonard
    • Categories Daily Chart, Forex, Forex Technical Analysis, Market Expectation, News, NZD/USD, NZDUSD, Price Action, Trade Ideas, Trading Briefs
    • Date April 25, 2022
    • Comments 0 comment

    [ad_1]

    NZDUSD Analysis – April 25

    NZDUSD creates a balance between the buy and sell sides of the market. The overall buy-side drive was initiated at the 0.6530 demand zone. The bulls impulsively crashed into the demand zone from the 20th of January till the 28th of January, when the demand zone was reached. The Relative Strength Index and the Stochastic indicated that the market was oversold. The bulls utilized the opportunity to go long in the market at the support level.

    NZDUSD Major levels

    Demand Zone: 0.6530 0.6730
    Supply Zone: 0.6800 0.6980

    NZDUSD Creates a Balance Between the Buy and Sell Sides of the MarketNZDUSD Long Term Trend: Bearish

    There was buy-side, and sell-side momentum fulfilled before the overall high was reached after the market took off from 0.6530. Three major circles of buy-side and sell-side drives were completed before overall resistance was faced at 0.6980. The first circle was initiated on February 7th with “three rising soldiers.” “Three Black Crows” completed the sell-side as well. The sell-side ended on the 14th of February after a swing high on the 10th of February. The second circle of buy-side and sell-side momentum that was fulfilled started with the bearish candle on March 1, 2022. The market created a double top pattern to signify a reversal to fulfil the sell-side run.

    Two large bearish candles dived into 0.6730 to fulfil the sell-side run. The market created the last bullish run of the overall buy-side momentum from the demand zone at 0.6730 to the resistance at 0.6980. The last circle of buy-side and sell-side momentum that was fulfilled created the overall reversal to initiate the overall sell-side momentum. The Stochastic indicator and the Relative Strength Indicator indicated that the market was in an oversold region. The market experienced difficulty passing through 0.6980. On the 8th of April, the market violated the previous lows of the bullish trend at 0.6860. The structural market shift significantly signals the initiation of the sell-side in the market.

    NZDUSD Creates a Balance Between the Buy and Sell Sides of the MarketNZDUSD Short Term Trend: Bearish

    The bears seek to dive the market to 0.6530. The market has been heavily bearish in the last few days of trading. The zone at 0.6530 is almost reached. The Stochastic indicator and the relative strength indicator indicate that the market is already oversold. Therefore, the market is expected to reverse after reaching 0.6530 to target the next major level at 0.6730.

    How To Buy Lucky Block 

    Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

    Share with other traders!

    [ad_2]

    Source link

    • Share:
    author avatar
    DigitalLeonard

    Previous post

    Ethereum Breaks below the $3,000 Crucial Support, Targets $2,750 Low
    April 25, 2022

    Next post

    EURCHF Is Bracing for More Selling Pressure
    April 26, 2022

    You may also like

    shutterstock_1924603376-min-scaled.jpg
    British Law Commission Submits Proposal to Reform Existing Crypto Law
    28 July, 2022
    shutterstock_1915965031-min-scaled.jpg
    US Senators Pass Bill to Exempt Taxation on Small Crypto Transactions
    27 July, 2022
    EURCHF-1Day.png
    EURCHF Bears Successfully Led the Market Into the Demand Zone
    26 July, 2022

    Leave A Reply Cancel reply

    Your email address will not be published. Required fields are marked *

    Search

    Crypto Trading Mastery: Buy, Sell, Trade Cryptocurrency for Profit

    Crypto Trading Mastery: Buy, Sell, Trade Cryptocurrency for Profit

    ₦60,000.00 ₦25,000.00
    Step By Step Website Design Tutorial For Beginners

    Step By Step Website Design Tutorial For Beginners

    ₦10,000.00
    How To Create A Professional Website Without Coding

    How To Create A Professional Website Without Coding

    ₦150,000.00 ₦5,500.00
    Digital Marketing Institute Logo
    +2348165842119
    support@digitalleonard.com
    Facebook-f Twitter Google-plus-g Pinterest

    Company

    • About Us
    • Blog
    • Become An Instructor
    • Contact

    Links

    • Courses
    • Events
    • Gallery
    • FAQs

    Support

    • Join Our YouTube Channel
    • Telegram Forum
    • Facebook

    Recommend

    • BINANCE
    • BYBIT
    • HUOBI
    • KUCOIN
    • OKEX
    • BITGET

    Digital Skill Institute By DigitalLeonard.Com Powered by Digital Leonard.

    • Privacy
    • Terms
    • Sitemap
    • Contact

    Login with your site account

    Lost your password?