Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Sell | Buy | Buy |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Sell | Sell | Sell |
Alligator (13; 8; 5) | Sell | Buy | Buy |
SAR (0.02; 0.2) | Sell | Sell | Buy |
Aggregate | ⇘ | ⇒ | ⇒ |
However, the resulting rebound has already met with resistance. The resistance is put up by the monthly PP at the 115.40 level and the weekly S1 at the 115.38 mark.
Due to that reason a small scale ascending triangle could form until the dominant channel forces the currency exchange rate into a breakout up to the 115.70 mark. On Friday at that level the 55 and 100– hour SMAs were about to meet.