Positions | Today | Yesterday | % Change | |
Longs | 53% | 57% | -7.55% | |
Shorts | 47% | 43% | 8.51% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Sell | |
RSI (14) | Sell | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Buy | |
Alligator (13; 8; 5) | Buy | Buy | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇒ | ⇗ | ⇘ |
Initially Thursday's forecast for the Kiwi against the US Dollar continued on, as forecast. However, something strange occurred after the initial move was complete.
As Dukascopy analysts expected a rebound against the lower trend line of the previously drawn channel up pattern, the support of the pattern was broken. Instead the surge occurred slightly lower. That gave an opportunity to adjust the channel up.
In addition, that caused suspicion and a look at the larger scale was done. Due to that another larger channel up pattern was discovered.
Combining these adjustments an ascending triangle was discovered, which should be broken to the downside at the latest next week.