On Tuesday, the pair NZD / USD has once again updated the lows and snaps under the important support level 0.8080. Nevertheless, further decline was not followed, and since the opening of trading on Wednesday, the pair returned to 50% of yesterday's movement. The general mood remains bearish: the values of technical indicators point to a distinct advantage of sellers. To confirm the ability of the pait to continue declining at a marked level of support, it is necessary to wait for fixing weekly candle below it.
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. Sliding the period 100 also moves in a downward direction. The nearest resistance market may be the level 0.8230, from which the pair can resume the decline.
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. Impulsive weakening couple during the American trading session on Tuesday was another signal indicative of the strength of the sellers. Among the fundamental factors that have supported the dollar, we note the publication of the Red.
