Positions | Today | Yesterday | % Change | |
Longs | 39% | 46% | -17.95% | |
Shorts | 61% | 54% | 11.48% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Buy | Neutral | Neutral | |
Stochastic (5; 3; 3) | Buy | Buy | Neutral | |
Alligator (13; 8; 5) | Sell | Buy | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Sell | |
Aggregate | ⇒ | ⇗ | ⇒ |
The picture of the broken pattern on the NZD/USD hourly chart for the traders, who shorted the pair already on Monday is a picture of joy. The reason for that is that for the whole week Dukascopy analysts were monitoring the descending pattern, that lead a break out to the downside for the Kiwi against the Buck.
During the last 24 hours the pair plummeted through the combined support of the weekly S1 and the lower trend line of the descending channel. As a result of the decline, the pair managed to fall almost 100 base points.
However, the decline seemed to have ended on Friday, as the weekly S2 had stopped the fall of the Kiwi.