Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Buy | Buy | Buy |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3; 3) | Neutral | Buy | Sell |
Alligator (13; 8; 5) | Buy | Buy | Buy |
SAR (0.02; 0.2) | Sell | Sell | Buy |
Aggregate | ⇒ | ⇗ | ⇗ |
The kiwi is trading in a descending triangle apparent on the four-hour chart. The pair has provided two upside and three bottom confirmations, approaching a possible exit point. Descending triangle is a continuation patter; thus, the pair may resume its previous upward trend. During the last week, the rate was trading sideways, unable to form a distinctive wave to the upside. This, however, was done yesterday. Subsequently, the rate did not manage to reach the lower triangle boundary, respecting a short-term up-trend instead. The Kiwi is supported by the weekly PP and the 100– and 55-hour SMAs circa 0.9624/0.9601. The nearest resistance is formed by the monthly and weekly R1 at 0.9672 and 0.9693, respectively.