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NZD/USD Consolidates Around 0.8700

Published 06/23/2014, 02:55 AM
Updated 07/09/2023, 06:31 AM

The New Zealand dollar has slowed growth and consolidated over the circular level of 0.8700. Price formed a small "bearish" candle with elongated lower shadow. The blue line on the graph denotes a 100-period simple moving average, built on the basis of the closing price (close). Red line marks the 50-period moving average, built on the basis of the closing price (close).

MACD indicator parameters are as follows: fast exponential moving average is 12, based on closing prices, slow exponential moving average is 26, based on closing prices, and the simple moving average indicator is 9 based on closing prices. Location of the MACD columns above the zero line indicates a positive trend indicator, and the location of the bars of the MACD indicator below the zero line indicates a negative trend indicator. 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 RSI indicator zone defined by the intersection line of the indicator below 30. For better detect the trend in the RSI indicator is level 50.

Stochastic indicator parameters (Stochastic Oscillator) as follows: the period is 5% K, period% D - 3, the period of deceleration - 3. Stochastic indicator constructed by simple moving average based on the average price (Low / High). Stochastic indicator overbought zone determined by the intersection line of the indicator above 80 and oversold area of the Stochastic indicator is determined by the intersection of the line below 20

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NZD/USD Daily Chart

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