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NZD/USD breakout occurs

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs60%59%1.0%
Shorts40%41%-1.4%
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)SellNeutralNeutral
Alligator(13;8;5)BuySellSell
SAR(0.02;0.2)BuySellBuy
Aggregate⇗⇘⇒

[ANNOUNCE]The New Zealand Dollar has surged by 98 pips or 1.64% against the US Dollar since Friday's trading session. A breakout occurred through the upper boundary of a descending channel pattern on Monday morning. [/ANNOUNCE]

Given that a breakout has occurred, bullish traders could continue to pressure the exchange rate higher within this session. The potential target for the NZD/USD pair would be at the weekly R1 at 0.6098.

However, the currency exchange rate could make a brief retracement towards the 0.6020 area during the following trading session.

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27 Apr 2020

GBP/USD raised to 1.2450

PositionsTodayYesterdayChange Longs57%54%4.9% Shorts43%46%-6.4% Indicator4H1D1W MACD(12;26;9)SellSellSell RSI(14)NeutralNeutralNeutral Stochastic(5;3;3)NeutralNeutralNeutral Alligator(13;8;5)SellNeutralSell SAR(0.02;0.2)SellBuyBuy Aggregate⇘⇒⇒ [ANNOUNCE] At the end of last week, the GBP/USD exchange rate traded sideways in the 1.2350 area. During Monday morning, the rate raised to the 1.2450 level. [/ANNOUNCE] It is likely that the currency pair could gain support from the 200-hour SMA and the Fibo 50.00% at 1.2418 and trade upwards

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EUR/USD tests 200-hour SMA

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27 Apr 2020

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