| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Sell | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇘ | ⇗ |
The EUR/NZD currency pair has been trading downwards within a falling wedge pattern since the beginning of August.
From a theoretical point of view, it is likely that the exchange rate could continue to decline within the given pattern within the following trading sessions. Then, a breakout north could occur.
In the meantime, note that the currency pair is pressured by the 100– and 200-period moving averages near 1.1780. Thus, some downside potential could continue to prevail in the market in the medium term.