NZD/USD, Fri Jan/02/2015, MACD Analysis: Down-Trend Confirmed, 0.00% Drop in The Last Update

Figure-1 NZD/USD MACD (TF:D1, Fri Jan/02/2015 00:00:00)

An MACD (moving average convergence/divergence) technical analysis for NZD/USD is generated for candle close at Fri Jan/02/2015 00:00:00. The indicator plot is depicted in the Figure 1, showing the market data plot on the top, the MACD indicator bar and line in the middle, and the MACD-Signal difference plot in the bottom. The parameter computation and presentation method follow the MetaTrader version of MACD [1], and the MACD-Signal difference is added to complete the analysis with the price acceleration/decceleration data (as presented by MACD histogram in other version [2]).

Trend Direction Detection by MACD Polarity: An under-zero of MACD bar is recorded by the indicator, and it gives an insight of a bearish-trend. The yesterday closed bar (Thu, Jan 01) shows 0.00% (0.00 pips) decrease in price from 0.78000 to 0.78000, this is an indication that the down-trend will continue its line. With the last recorded MACD cross is trigered 115 trading days ago on 07/24/2014 and followed by the signal cross triggered 112 trading days ago on 07/29/2014, neglecting the average price acceleration/decceleration, the bearish-trend is projected to continue its run.

Figuring Out Price Acceleration by MACD-Signal Difference: The MACD derivative analysis is important when the MACD-Signal crossover is used as the trade signal. The price movement acceleration has never change its direction for 4 trading days since its flip on 12/26/2014, and the long floating trade should be hold until the next cross. The trend predicted by the MACD value is currently bearish but the acceleration show the contradictory direction. A rational view of this strategy would be interpreted that the down-movement will deccelerate and a fast trend reversal forecast is made.

REFERENCES

  1. MACD Technical Analysis, Technical analysis with MetaTrader version of MACD
  2. MACD Wikipedia, Various implementation of moving average convergence/divergence analysis

Presented Analysis
Data time: 2015-01-02 00:00:00
Optimization data:
Created time: 2018-02-21 13:14:57
Realtime: no
Private publish time: 2018-02-21 13:15:25
Analysis Model Summary
First created: 2018-02-21 13:14:57
First data: 2015-01-02 00:00:00
Historical data since: 2018-02-21 13:14:57
Realtime data since: 2018-02-26 00:00:00
Latest data: 2018-03-23 00:00:00