Positions | Today | Yesterday | % Change | |
Longs | 52% | 54% | -3.85% | |
Shorts | 48% | 46% | 4.17% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Neutral | Sell | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇗ | ⇗ | ⇒ |
Contrary to expectations, the currency exchange rate did not bounce off from the upper resistance line of a symmetrical triangle, but, instead, broke through it. In addition, it made one attempt to jump to the weekly R1 at 130.56, but failed. The fact that the pair has encountered a strong resistance barrier is additionally confirmed by the three Williams's fractals. Moreover, this horizontal line might simultaneously represent an upper edge of a newly formed ascending triangle. If this assumption is true, then the pair is expected to gradually slide down to the 129.79 level, where the 55- and 100-hour SMAs are located. However, if the rate continues to move horizontally or to surge, there might be a need to redraw the pattern's support line and make it sharper. In any case, the pair, generally, is projected to move to downwards.