Positions | Today | Yesterday | % Change | |
Longs | 66% | 63% | 4.55% | |
Shorts | 34% | 37% | -8.82% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇒ | ⇘ | ⇘ |
During Friday's trading session, the currency exchange rate was resisted by the 100-hour SMA to end the trading session at the 1.2745 mark. On Monday morning, the British Pound was trading between the 200-hour and the 100-hour simple moving averages at the 1.2780 mark.
In regards to the near-term future, most likely, the currency exchange rate will trade sideways during the day. It is expected that the 200-hour simple moving average will resist the rate to trade below the weekly pivot point at the 1.2782 mark.
However, the 100-hour simple moving average could support the British Pound to trade above the weekly pivot point at the 1.2780 level on Monday.