Synthesis
The MACD is negative and below its signal line. This configuration degrades the outlook for the exchange rate. The RSI does not indicate an oversold yet so further decline is technically possible. Below 20, stochastics are extremely low. The volumes traded are higher than the average volume over the last 10 days.
Movements and Levels
The bullish movement seems to have stopped. The exchange rate is below its 50-day moving average at 1.07. The first support is at 1.04 USD, then at 1.03 USD and the resistance is at 1.1 USD, then at 1.11 USD
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Negative | Price on 02/17 | 1.0700 |
| Background trend | Neutral | MM20 | 1.0800 |
| Bracket 1 | 1.0400 | MM50 | 1.0700 |
| Bracket 2 | 1.0300 | ROI | 42.4700 |
| Resistance 1 | 1.1000 | MACD | 0.0000 |
| Resistance 2 | 1.1100 | Stochastic | 11.6600 |
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