Positions | Today | Yesterday | Change |
Longs | 49% | 50% | -2.0% |
Shorts | 51% | 50% | 2.0% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Sell | Buy | Sell |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Neutral | Neutral | Neutral |
Alligator(13;8;5) | Sell | Buy | Neutral |
SAR(0.02;0.2) | Buy | Sell | Buy |
Aggregate | ⇒ | ⇒ | ⇒ |
During Thursday's trading session, the currency exchange rate jumped by 142 pips or 1.11% to the 1.3000 mark. On Friday morning, the rate was located between the 55-hour and the 100-hour simple moving averages at the 1.2949 mark.
In regards to the near-term future, most likely, the rate will trade sideways to stay at the 1.2900 level for the rest of the trading session.
However, the 55-hour simple moving average could support the British Pound to appreciate against the US Dollar to break the resistance level of the 200-hour simple moving average. It is expected that the rate could trade near the weekly S1 at the 1.3014 mark.