| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Sell | Neutral | Sell |
| Stochastic (5; 3) | Sell | Sell | Buy |
| Alligator (13; 8; 5) | Buy | Buy | Buy |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The common European currency exchange rate has jumped against the New Zealand Dollar in a very narrow ascending channel pattern. However, the surge is about to end.
The currency pair is about to reach the upper trend line of the most dominant ascending channel pattern near the 1.74 mark. The trend line is strengthened by the monthly R1 at the 1.7395 level. Due to that reason a change of the short and medium term direction can be expected.
However, the exact bounce off level is almost impossible to predict, as the long term trend lines usually show only approximate levels.