Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Buy | Buy | Sell |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Buy | Sell | Sell |
Alligator (13; 8; 5) | Buy | Buy | Sell |
SAR (0.02; 0.2) | Buy | Buy | Buy |
Aggregate | ⇗ | ⇒ | ⇘ |
The New Zealand Dollar has been making one attempt after another in an effort to pass a resistance level against the Japanese Yen.
The attempts are occurring as the rate surges because the resistance is represented by an upper trend line of a channel up pattern.
The rate is highly unlikely going to pass the resistance because at the current course the Kiwi is set to meet with the 50.00% Fibonacci retracement level against the Yen. Afterwards the pair should reveal a new junior pattern.