Positions | Today | Yesterday | % Change | |
Longs | 50% | 52% | -4.00% | |
Shorts | 50% | 48% | 4.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Sell | |
Alligator (13; 8; 5) | Neutral | Buy | Buy | |
SAR (0.02; 0.2) | Sell | Buy | Sell | |
Aggregate | ⇒ | ⇗ | ⇒ |
Today's trading session began with a strong bearish sentiment. The New Zealand Dollar has depreciated about 59 base points during the morning hours of Wednesday's session.
A breakout through the lower boundary of an ascending channel occurred during the European trading session on Wednesday.
Given that a breakout had occurred, it is likely that bears could push the currency exchange rate towards a support level at 0.6826 during the following trading session.
Although, the market sentiment could changes within the following hours, as technical indicators suggest bullish signals on the daily time frame.