Positions | Today | Yesterday | % Change | |
Longs | 63% | 59% | 6.35% | |
Shorts | 37% | 41% | -10.81% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Buy | |
Stochastic (5; 3; 3) | Buy | Neutral | Neutral | |
Alligator (13; 8; 5) | Neutral | Sell | Sell | |
SAR (0.02; 0.2) | Sell | Buy | Sell | |
Aggregate | ⇒ | ⇒ | ⇘ |
In the aftermath of the break out to the downside by the NZD/USD pair, a new junior descending pattern was discovered on Wednesday. Namely, there exists a pattern, which has guided the currency exchange rate since the bounce off from resistance that occurred at the start of Tuesday's trading session.
However, judging by the range of the new pattern and the previous, it can be deducted that these two pattern represent junior movements in a larger scale pattern. Although, the exact trend lines of the larger pattern are still not clear.
In regards to the short term future, the rate is set to surge up to the 0.6820 level, where it will meet the junior patterns resistance together with the 100-hour SMA.