| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Buy | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
Since last week's trading sessions, the common European currency has declined by 2.20% against the New Zealand Dollar. The 50– and 200– period SMAs pressured the currency pair lower last week.
Technical indicators suggest selling signals on the 4H, daily and weekly time-frame charts. Most likely, the exchange rate could continue to edge lower in a descending channel pattern this week.
However, the currency exchange rate could encounter support at the 1.6300 level within this week's trading sessions.