During the consolidation of the dollar NZD> New Zealand Dollar bounced off the resistance level of 0.8350. The price then went sideways movement. 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 30 For a more suitable definition of the trend in the RSI indicator is 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 on the basis of 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.
Currently, the predominant direction of the market Forex- downward, as indicated by the intersection of the downward moving averages with periods of 100 and 50 sliding with period 50 moves in a downward direction. Moving with a period of 100 also began to unfold in the downward direction. The immediate support for the market may be the level of 0.8270, 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 in the Forex market, as shown by the downward price channel. It is important to note that the current consolidation of the pair NZD / USD for several reasons. In particular, the New Zealand market attracted the attention of the publication of indicators of change of volume of production and the supply volume of industrial activity.
