Positions | Today | Yesterday | % Change | |
Longs | 36% | 36% | 0.00% | |
Shorts | 64% | 64% | 0.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Sell | |
RSI (14) | Sell | Sell | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇒ | ⇒ | ⇘ |
Monday's trading session was marked by a fall of the Kiwi against the US Dollar. During the early hours of this trading session, NZD/USD managed to find support and rebound from the 200-hour SMA at 0.7225. Subsequently, it broke successfully through the 20-, 55- and 100-hour SMAs and the weekly PP at 0.7248. Downside risks, however, prevailed, setting the Kiwi for another fall. By and large, the pair is expected to resume a wave upwards and test the upper boundary of the symmetrical triangle pattern. In case this scenario fails to materialize, the 200-hour SMA at 0.7227 might be regarded as the bottom limit confining the pair during the following 24 hours. The failure to form a distinctive wave up suggests that a breakout from the triangle may occur in this trading week.