Positions | Today | Yesterday | % Change | |
Longs | 40% | 40% | 0.00% | |
Shorts | 60% | 60% | 0.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Sell | Neutral | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇓ | ⇒ | ⇗ |
As it was expected, the currency pair has reached, firstly, the 0.7861 mark and, then, the 0.7845 level. Fortunately for the buck, an anxiety caused by the RBA's Monetary Policy Meeting Minutes accelerated the fall and helped the pair to even bypass the weekly S1 at 0.7842.
However, this impulse was not very high and, thus, no further fall has occurred. Most probably, the pair will stuck near the above pivot point for some and then, according to a number of technical indicators, will start to gradually climb upstairs.
If this scenario materializes, the surge most likely is going to be neutralized by a combination of the 55- and 100-hour SMAs. In contrast, market sentiment remains unchangingly bearish so as the summary of technical indicators, which for the upcoming couple of hours send strong sell signal.