Positions | Today | Yesterday | % Change | |
Longs | 66% | 63% | 4.55% | |
Shorts | 34% | 37% | -8.82% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Sell | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇒ | ⇘ | ⇓ |
On Thursday the full breaking and ignoring of the previous long term and short term patterns on the AUD/USD could be observed. However, the breaking of those patterns could be expected.
The reason for that was the fact that the currency exchange rate had rebounded against the most dominant pattern's support earlier this week. Due to that it can be expected that soon the borders of the newly developing medium and long term patterns will reveal themselves.
Although, one needs to take into account that previous patterns are still going to play a minor role, as their resistance's turn into support levels.