How To Make Money Today: NZD/USD Daily Market Analysis and Forex Trading Signals 4 April 2022

To assist you to make a good day-trading selection, we’ll cover the newest forex market analysis. Make more money today with our market analysis. You must know how to trade first and have at least a simple understanding of chart patterns. Aside from that, we’ll cover some basic tips and methods that can aid anybody curious in day trading strategies. So let’s start by looking at some charts from today…

Looking for perfect daily analysis and/or a managed investment account with the world's biggest brokers and make stable 30% - 50% Return on Investment weekly?

Text us now on WhatsApp for more information! We are online waiting for you! 

NZD/USD:

On the H4, with price expected to bounce off the support of the ichimoku cloud, we have a bias that price will rise to our 1st resistance at 0.69875 in line with the swing high resistance from our 1st support at 0.68752 in line with the horizontal overlap support, 50% Fibonacci retracement and 100% Fibonacci projection. Alternatively, price may break 1st support structure and head for 2nd support at 0.68332  in line with the 138.2% Fibonacci extension and 61.8% Fibonacci retracement.

Areas of consideration:

• H4 time frame, 1st support at 0.68752
• H4 time frame, 1st resistance at 0.69875

NZD/USD Price Analysis: Multiple unsuccessful efforts at 0.7000 send the currency pair downward.

• Failure to stay above the 61.8 percent Fibo retracement level raises the possibility of a drop.
• The asset is fluctuating between 0.6864-0.6998, which is a somewhat bigger range.
• The RSI (14) has dropped into the 40.00-60.00 zone, indicating that consolidation is on the horizon.

For the last two weeks, the NZD/USD pair has been swinging in a somewhat larger range of 0.6864-0.6998, with roadblocks approaching the psychological resistance of 0.7000.

On a daily basis, the pair has been pulled lower by selling pressure over the 61.8 percent Fibonacci retracement (set from the 21 October 2021 high of 0.7219 to the 28 January low of 0.6529) at 0.6956. The trendline drawn from the low on January 28th at 0.6529 will continue to operate as a crucial support level in the future.

The 20- and 50-period Exponential Moving Averages (EMAs) are scaling higher at 0.6895 and 0.6836, respectively, indicating further upside ahead.

However, the Relative Strength Index (RSI) (14) has dropped into the 40.00-60.00 zone, indicating that consolidation is on the way. After the RSI (14) failed to persist in the 60.00-80.00 zone, the Kiwi bulls had lost control.

The kiwi bulls are anticipated to be supported by a break of psychological resistance of 0.7000, which will propel the asset higher towards the 19 November 2021 high of 0.750, followed by the 22 October 2021 low of 0.7131.

On the other hand, if the asset falls below the 50 percent Fibo retracement level of 0.6875, greenback bulls may gain power, dragging the major towards the 50-EMA level of 0.6836. If the latter is breached, the asset will be sent back to its March 15 low of 0.6728.

NZD/USD

?'s wealthiest traders share their secret trading strategy in the Extreme FX Wealth eBook. Register now and download! 

0.0 pips spreads | 500:1 leverage

Daily Super Signals (Hit Take Profit targets: TP1 is 100% accurate, TP2 is 100% accurate, TP3 is 85% accurate)

Open Demo Account Open Live Account

This is how you can make €1000 income daily!