Positions | Today | Yesterday | % Change | |
Longs | 28% | 29% | -3.57% | |
Shorts | 72% | 71% | 1.39% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Sell | |
RSI (14) | Sell | Sell | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇒ | ⇒ | ⇘ |
Worse-than-expected US data propelled the New Zealand Dollar to new heights against the Greenback. As the US CPI and Retail Sales data sets were released, all technical analysis became obsolete. However, there was one exception. The second weekly resistance level at the 0.7293 mark shortly held ground, indicating that pivot points should be taken into account on this pair. Thus, it can be forecasted that the pair may head for the monthly R2 at the 0.7314 mark next. However, the Federal Open Markets Committee is set to release various types of information into the marketplace at 18:00 GMT. The Federal Reserve is most likely going to shake the financial markets through the US Dollar in a way that will make the last of the technical conclusions obsolete.