Positions | Today | Yesterday | % Change | |
Longs | 41% | 35% | 14.63% | |
Shorts | 59% | 65% | -10.17% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Sell | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇗ | ⇒ | ⇗ |
Even though a number of technical indicators send signals that the pair was overbought, it nevertheless climbed to the 50% Fibonacci retracement level at 0.7457 and only then made a rebound. It should be noted that this points simultaneously represents a second reaction high of a corrected dominant ascending channel. For the moment, the road upstairs for the pair is blocked by the 20-hour SMA, but the approaching 55-hour SMA might provide a lacking impulse to help it rise towards the above resistance level once again. From the point of view of the senior pattern, the currency rate should not escape to the top and update a preceding record. For this reason, the Kiwi is expected to end the day somewhere near the monthly R1 that is located at the 0.7436 level.