As part of the consolidation movement below the upper border of the channel dollar NZD> New Zealand Dollar slightly turned and headed down to support level 0.8085. 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 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.
A Stochastic indicator (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. Sliding the period 100 also moves in a downward direction. The immediate support for the market may be the level of 0.8085, 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 consolidation of the pair NZD/USD has happenned for several reasons. In particular, market participants' attention was drawn by the speech of FOMC member Narayana Kocherlakota.
