Positions | Today | Yesterday | % Change | |
Longs | 48% | 45% | 6.25% | |
Shorts | 52% | 55% | -5.77% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Neutral | Neutral | Sell | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Sell | Neutral | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇓ | ⇒ | ⇒ |
The Sterling remained stable against its American counterpart on Tuesday morning, being stranded between the weekly PP and the 200-hour SMA. The latter, likewise strengthened by the 55-period (4H) SMA, proved to be stronger, thus sending the pair down to the 55-period moving average.
A short-term trend-line was breached to the downside along the way. This suggests that the bearish momentum might continue dominating the pair in this session, as well. The same signals are given by technical indicators which are generally tended south.
This scenario would mean a breakout of the 100-hour SMA at 1.3075 and a fall down to the monthly S1 near 1.30. Even if this decline is not significant, bullish gains are not likely to exceed the 55-period SMA at 1.3150.