Positions | Today | Yesterday | % Change | |
Longs | 39% | 36% | 7.69% | |
Shorts | 61% | 64% | -4.92% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Sell | 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 upside risk continues to prevail in the market as of Friday's. The New Zealand Dollar has accumulated more points against the US Dollar. The currency pair has pierced the weekly S2 at 0.7390 during the European session.
The NZD/USD currency pair was guided mainly by the 55– hour simple moving average during the first part of Thursday's session. The first part of today introduces no significant change as the rate was trading with low volatility.
Furthermore, technical indicators demonstrate that the currency exchange rate is overbought. Therefore, a corrective move south is likely within the next hours. The overall SWFX market sentiment remains bearish as 61% traders set up orders are short. Meanwhile, the market sentiment for OANDA traders is 66% short.