Positions | Today | Yesterday | % Change | |
Longs | 63% | 53% | 15.87% | |
Shorts | 37% | 47% | -27.03% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Buy | Buy | Neutral | |
Alligator (13; 8; 5) | Buy | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇑ | ⇒ | ⇘ |
The New Zealand Dollar was testing the upper boundary of the junior channel for several hours yesterday. This line proved to be a strong resistance which subsequently sent the Kiwi for a decline down to the 55– and 100-hour SMAs.
The dotted line on the chart demonstrates the diminishing trading range within the junior channel itself. Thus, the following trading hours will show if it holds the pair - together with the 100-hour SMA.
The rate's upward movement during the past two weeks suggests that the rate could eventually break out to the upside. The senior channel might be reached by mid-Monday already. That would locate the Kiwi near the monthly PP at 0.6983 at the time.