NZDUSD Price Analysis: Bulls holding above key 0.5950 as bears try to take back control
08.11.2022, 23:31

NZDUSD Price Analysis: Bulls holding above key 0.5950 as bears try to take back control

  • Bears eye a move into the key Fibonacci near 0.5850 in a 50% mean reversion. 
  • Bulls remain on the front side of a key underlying trendline support.

NZDUSD spiked as the US Dollar sold off on Tuesday, extending the losses that started to take shape on Friday. Tuesday was the third day of longs in the market since last week and bears could be lurking on a mid-week opportunity to counter the trend into in-the-money-longs as the following will illustrate.

NZDUSD H1 charts

 

The bears broke the micro trendline and met key support, as anticipated in the prior analysis: NZD/USD Price Analysis: Bears move in from key highs for the week

(Prior analysis, 07/11/2022)

Meanwhile, the price is now topping out at a fresh high for this and last week:

The pair is testing the commitments of the bulls at the next micro trendline. 0.5950 is important in this regard.

NZDUSD daily chart

As for the daily chart, the price is bounded by resistance and the doji could turn out to be pivotal for the pair and week. If the bears commit, then there will be prospects of a test of the broader trendline and a move into the key Fibonacci near 0.5850 in a 50% mean reversion. 

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik