Bounced off the resistance level 0.8520, which is located near the upper boundary of the channel, dollar NZD> New Zealand Dollar has formed a rather large "bear" candle and reached the support level 0.8460. Blue line on the graph is designated 100-period simple moving average, built on the basis of the closing price (close). Red line indicates the 50-period moving average, built on the basis of the closing price (close).
The parameters of the MACD indicator are as follows: fast exponential moving average is 12 based on closing prices, slow exponential moving average is 26 on the basis of closing prices, signaling a simple moving average is 9 on the basis of closing prices. Location columns indicator MACD is above the zero line indicates its positive trend, and the location of the bars of the MACD indicator below the zero line - on a negative trend. Parameter is constructed on the basis of the closing prices of the RSI indicator is 14 Area overbought RSI indicator is determined by the intersection of the line of the indicator above 70 and oversold area of the RSI indicator is determined by the intersection of the line of the indicator below the level of 30.
For a more suitable definition of the trend in the RSI indicator of the level 50 An indicator Stochastic (Stochastic Oscillator) is as follows:% K periods of 5, period% D - 3, the period of deceleration - 3 Stochastic indicator is constructed using a simple moving average based on the average price (Low / High). Zone overbought Stochastic indicator is determined by the intersection line of the indicator above 80 and oversold zone indicator Stochastic determined by the intersection line of the indicator below 20.
At the moment, the predominant direction of the Forex market - rising, as indicated by the intersection of the upward moving averages with periods of 100 and 50 In this case, both moving exhibit moderate lateral movement. The immediate support for the market may be the level of 0.8460, and then - the lower boundary of the channel. The analysts of the Forex Broker Company «Mill Trade» (rated among the TOP Forex Brokers Masterforex-V World Academy http://www.masterforex-v.com/) pay attention to the current prevalence of "bearish" sentiment on the Forex market, as shown by the downward price channel. It is important to note that the current weakening of the pair NZD / USD for several reasons. In particular, the United States improvement compared to the predicted value index showed the composite index for the ISM non-manufacturing sector.
