Indicator | 1D | 1W | 1M |
MACD (12; 26; 9) | Buy | Buy | Buy |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Sell | Buy | Sell |
Alligator (13; 8; 5) | Buy | Buy | Neutral |
SAR (0.02; 0.2) | Buy | Buy | Buy |
Aggregate | ⇒ | ⇘ | ⇒ |
The New Zealand Dollar is appreciating against the Japanese Yen in a one month long ascending channel, which started to form after the substantial advance of the Kiwi in the first month of summer. By the moment, the pattern has two reaction highs and two reaction lows and is moving downwards to reach the bottom trend-line for the third time. Except for the 20-day SMA, there are no other sizable barriers on its way. In contrast, from the top it is experiencing pressure from the updated weekly PP located at the 83.16 level. Despite these facts, a rebound is expected to follow. On the other hand, there is a chance that the existing formation will be distorted by announcement of the New Zealand's unemployment rate on Tuesday.