Positions | Today | Yesterday | % Change | |
Longs | 63% | 61% | 3.17% | |
Shorts | 37% | 39% | -5.41% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Buy | |
Stochastic (5; 3; 3) | Sell | Sell | Neutral | |
Alligator (13; 8; 5) | Buy | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇗ | ⇘ | ⇘ |
Following a massive surge during the second half of Friday's trading session, the US Dollar halted unexpectedly near the 1.2340 mark—a level slightly below the monthly S1 and the 50.0% Fibonacci retracement. Subsequently, the rate has traded sideways, being supported by the 55-hour SMA.
It is likely that the given movement is only a minor consolidation period that will be breached in the upcoming hours. The current support area is likewise reinforced by the 100-hour SMA, the weekly PP and the 38.2% Fibo. In case the 55-hour is breached, the subsequent levels could provide an unbreakable barrier.
If a surge is to occur, gains could be capped near the weekly R1 and the 61.8% Fibo at 1.2430. Conversely, the most probable downside target is the 200-hour SMA. Such plunge, however, is unlikely.