Challenges{SCX-Moving Average}
{SCX-Oscillator}
{SCX-PivotPoints}
Technical analysis for NZDUSD
The analysis shows a variety of moving averages and oscillators, and an overall buy/sell score based on the combination of all the indicators. All the figures update live based on each new market tick.
The moving averages combine traditional calculations (EMA, SMA) with averages which are designed to respond more quickly to changes in price, and to track the current price more closely (Hull, Arnaud Legoux). The table is colour-coded based on whether the current price is above (bullish) or below (bearish) each moving average.
The oscillators track over-bought and over-sold conditions. For example, a value of 80+ on the Stochastic oscillator is traditionally regarded as an over-bought signal, and therefore bearish.
The technical analysis also shows daily pivot points using a variety of popular calculations. If the current price has breached a support level, then that is considered as bearish. Conversely, the analysis regards it as bullish if the price is above a resistance level.
You can change the periods which are used for moving averages, and for oscillators. Adding more moving averages will change their weight in the total score compared to the oscillators. Conversely, adding or removing oscillators will change their contribution to the overall score relative to the moving averages.
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About NZDUSD
The NZDUSD pair is the abbreviation for the New Zealand Dollar and U.S. Dollar. The pair is also called the "Kiwi". Together with the Australian Dollar and the Canadian Dollar, the NZD is a commodity currency, that is a currency whose country's exports are largely comprised of raw materials (precious metals, oil, agriculture, etc.). Along with the Australian Dollar, the NZD has been for many years a traditional vehicle for carry traders, which has made this currency also very sensitive to changes in interest rates. New Zealand is the world's 54th nation in terms of its GDP, which stands at around $181 billion. It is also 69th in the world based on PPP. The economy of New Zealand is highly dependent on trade, yet because it has only a small territory and is located a considerable distance from most of the other major players in the world economy, it is consistently faced with international trading challenges.