Synthesis
The MACD is negative and below its signal line. This configuration degrades the outlook for the exchange rate. But be careful, the RSI is oversold, which leaves the possibility of consolidation. Below 20, stochastics are extremely low. The volumes traded are higher than the average volume over the last 10 days.
Movements and Levels
The exchange rate is trending down. It is below its 50-day moving average located at 1.05. The 20-day moving average is lower than the 50-day moving average. Our first support is at 0.98 USD, then at 0.96 USD and resistance is at 1.04 USD, then at 1.06 USD
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Neutral | Price on 15/07 | 1.0100 |
| Background trend | Bearish | MM20 | 1.0400 |
| Bracket 1 | 0.9800 | MM50 | 1.0500 |
| Bracket 2 | 0.9600 | ROI | 27.1500 |
| Resistance 1 | 1.0400 | MACD | – 0.0100 |
| Resistance 2 | 1.0600 | Stochastic | 5.9400 |
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