Confusion on the Kiwi

Morning Dynamic Traders

Yesterday morning we were met with a green candle, when price was coming down. This candle closed green and we now have a healthier green candle today.

Why did the price decide to strengthen yesterday?

The hour chart below helps to explain this.

The first thing you might notice is since Tuesday the price has been Oscillating. This is showing that over the past 2 days, price doesn’t know what it wants to do. We also had numerous buy and sell signals from the Get Stoch, to help highlight the confusion.














Along with this on 2 larger time frames we have slight convergence on the MACD.

Tomorrow we will be able to find out if price has decided to continue to strengthen with the events of today.

Happy trading.