{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/nzdusd-experiences-a-break-in-the-market-structure-to-initiate-an-uptrend\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/nzdusd-experiences-a-break-in-the-market-structure-to-initiate-an-uptrend\/","headline":"NZDUSD Experiences a Break in the Market Structure to Initiate an Uptrend","name":"NZDUSD Experiences a Break in the Market Structure to Initiate an Uptrend","description":"NZDUSD Analysis: Price Experiences an Uptrend With a Break in the Market Structure NZDUSD experiences a break in the market structure to initiate an uptrend. The overall market has been bearish since there was a break in the market structure on the daily time frame. The Moving Average period nine (blue) crossed the moving twenty-one […]","datePublished":"2022-03-01","dateModified":"2022-03-01","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/03\/NZDUSD-1Day.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/03\/NZDUSD-1Day.png","height":957,"width":1503},"url":"https:\/\/forexschoolonline.com\/nzdusd-experiences-a-break-in-the-market-structure-to-initiate-an-uptrend\/","about":["Article","Article-com","Case Study","charts","Featured Articles","FX Technical Analysis","NZD\/USD","Price Action Charts in Focus","Support & Resistance","Survey","Trade Idea","Trade Setups"],"wordCount":332,"keywords":["Daily Chart","FX Technical Analysis","Market Expectation","NZDUSD","Price Action"],"articleBody":"NZDUSD Analysis: Price Experiences an Uptrend With a Break in the Market StructureNZDUSD experiences a break in the market structure to initiate an uptrend. The overall market has been bearish since there was a break in the market structure on the daily time frame. The Moving Average period nine (blue) crossed the moving twenty-one (red) towards the downside. The cross of the Moving Averages on the 8th of June confirmed the bearish move.NZDUSD Significant ZonesSupport Zones: 0.7070, 0.6740, 0.6540Resistance Zones: 0.7300, 0.72000, 0.6880The market consolidated from June into August. The significant level at 0.6880 prevented downward movement. The market ascended to 0.7200. The bulls could no longer push up further. This caused a halt in the bulls’ run. There was a break in the market structure beneath the 0.7200 zone. The Moving Average period nine crossed the Moving Average period twenty-one downwards. This was a further confirmation of the bearish move in November last year. The market experiences a breakout and swung beneath the previous support level at 0.6880. The bulls stepped in at the 0.6740 demand level. At that point, the market experiences a pump back up to 0.6880. The previous support zone acted as a resistance zone. There was a rejection in the zone. The market sank further. This caused a break in the market structure as the market violated the 0.6740 zone.NZDUSD Market ExpectationThe market plunged to a final value of 0.6540. This demand zone caused an upthrust in the market. The candles rose to the previous high and surpassed it. This caused a break in the market structure towards the upside. The moving averages of periods nine and twenty-one have crossed to confirm bullishness. On the four-hour chart, the market is currently ascending. The 0.6470 level has been reached. A double bottom formed beneath the zone. This is a further sign of bullishness towards 0.6880.Note: Forexschoolonline.com 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."}