On Tuesday, the pair NZD / USD has once again updated the minima and fix a significant support level 0.8080. Nevertheless, further decline was not followed, and since the opening of trading on Wednesday, the couple 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 pair to continue to decline at the marked level of support necessary to wait fixing weekly candle below it.
The parameters of the MACD indicator are: fast exponential moving average is 12, based on closing prices, the 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 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.
Building parameters on the basis of the closing prices of the RSI indicator is 14. Zone overbought RSI indicator is determined by the intersection of the line of the indicator above 70 and oversold RSI indicator zone is defined by the intersection line of the indicator below 30. For easier determination of the direction of the trend in the RSI indicator is level 50.
Stochastic indicator (Stochastic Oscillator) is as follows:% K periods is 5, the period% D - 3, the period of deceleration - 3. Stochastic indicator is constructed by a simple moving average on the basis of the average price (Low / High). Zone is overbought Stochastic indicator is defined by the intersection line of the indicator above 80 and oversold zone Stochastic indicator is defined 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. The sliding with period 50 moves in a downward direction. Sliding the period 100 also moves in a downward direction. The nearest resistance level market can serve as 0.8230, from which the pair can resume the decline.
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 dominance of "bearish" sentiment on the Forex market. Impulsive weakening couple during the US trading session on Tuesday was another signal indicating power sellers. Among the fundamental factors that have supported the US dollar, we note the publication of the Red Book of the index and the performance of FOMC members Jerome Powell.
