NZD/USD buying signals - Technical Analysis - Dukascopy Bank
Mon, 26 Oct 2020 08:38:17 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
29%
30%
-2.7%
Shorts
71%
70%
1.1%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Sell
Neutral
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Sell
Aggregate
⇗
⇗
⇒
The New Zealand Dollar declined by approximately 30 basis points or 0.45% against the US Dollar on Friday. The decline was stopped by the 50– hour simple moving average during Friday's trading session.
Technical indicators flash buying signals on both the 4 hour and daily time-frame charts. Most likely, the exchange rate could continue to edge higher within this session.
However, given that the currency exchange rate is currently trading near the bottom border of an ascending channel pattern,, a breakout could occur within this session.
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