empty
 
 

Forex Analysis & Reviews: NZD/USD: upside reversal signaled
time 28.09.2022 09:00 PM
time Relevance up to, 29.09.2022 09:00 PM

This image is no longer relevant

NZD/USD: Strong Buyers!

The NZD/USD pair registered a strong growth after finding strong demand at the 0.5574 level. Now, it is trading at 0.5729 at the time of writing and it seems determined to approach and reach new highs after passing above the 0.5708 former high and above the downtrend line which represented upside obstacles.

Passing above these levels signaled that the downtrend could be over and that the price could develop a new swing higher.

NZD/USD Trading Conclusion!

Breaking above 0.5708 and through the downtrend line indicates a potential upside reversal in the short term. Stabilizing above these broken obstacles could bring new buying opportunities.

Ralph Shedler,
Analytical expert of InstaForex
© 2007-2023
NZDUSD
New Zealand Dollar vs US Dollar
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Start trade
Start trade

InstaForex分析评论将让您充分了解市场趋势! 作为InstaForex的客户,您将获得大量的免费服务以实现有效的交易。

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In February we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Forecast for GBP/USD on February 6, 2023

The pound fell by 170 points or 1.39% on Friday. At the moment, the price is halfway to the target support at 1.1933 and is hovering in the consolidation range

Laurie Bailey 03:29 2023-02-06 UTC+2

Forecast for AUD/USD on February 6, 2023

On Friday, the Australian dollar made an initial downward breakthrough as it aims to reverse into a medium-term decline. On the daily chart, the Marlin oscillator transitioned to the area

Laurie Bailey 03:29 2023-02-06 UTC+2

USDJPY reversal as price exits medium-term bearish channel.

USDJPY is trading above 131. Short-term trend has reversed to bullish as price has now exited the bearish channel it was in since October. Price has also broken the horizontal

Alexandros Yfantis 19:53 2023-02-03 UTC+2

Gold falls below $1,900 as Dollar strengthens due to the better than expected Jobs Report.

Gold price is trading around $1,865. Price has lost in two days what it gained in several weeks. Gold price is trading below January 9 levels. The warning signs were

Alexandros Yfantis 19:39 2023-02-03 UTC+2

Technical analysis of EUR/USD for February 03, 2023

The EUR/USD pair has dropped sharply from the level of 1.0917 towards 1.0813. Now, the price is set at 1.0868 to act as a daily pivot point. It should

Mourad El Keddani 19:36 2023-02-03 UTC+2

GBPUSD pulls back towards 1.21 as expected.

In our previous posts we mentioned many times our expectation for a pull back at least towards the blue upward sloping support trend line. GBPUSD as we mentioned yesterday

Alexandros Yfantis 19:23 2023-02-03 UTC+2

February 3, 2023 : GBP/USD Intraday technical analysis and significant key-levels.

Price action around 1.2340 was being watched for bearish rejection and a short-term SELL Entry. It was running in profits until the current bullish bounce has been expressed. Please take

Mohamed Samy 19:11 2023-02-03 UTC+2

February 3, 2023 : EUR/USD Intraday technical analysis and trading plan.

Price action around the key-level of (1.0550-1.0600) was quite bullish. That's why, further bullish continuation towards 1.0800 was demonstrated. Moreover, more bullish advancement towards the nearest supply zone around 1.1150-1.1200

Mohamed Samy 19:10 2023-02-03 UTC+2

February 3, 2023 : EUR/USD daily technical review and trading opportunities.

The price zone around 1.1500 has applied significant SELLING pressure upon the previous ascending movement towards it. Shortly after, the EUR/USD pair has been moving downwards reaching the price levels

Mohamed Samy 19:10 2023-02-03 UTC+2

GBP/USD: downside continuation in cards

The GBP/USD pair crashed in the short term as the US reported positive economic data today. The USD dragged the pair lower and now is almost to hit the 1.2103

Ralph Shedler 15:33 2023-02-03 UTC+2
现在无法通话?
提出您的问题,用 在线帮助.