Positions | Today | Yesterday | Change |
Longs | 38% | 41% | -7.9% |
Shorts | 62% | 59% | 4.8% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Buy | Buy | Sell |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Buy | Neutral | Neutral |
Alligator(13;8;5) | Buy | Buy | Neutral |
SAR(0.02;0.2) | Sell | Buy | Buy |
Aggregate | ⇗ | ⇗ | ⇒ |
During the previous trading session, the rate passed through the 55-hour simple moving average to end the trading session at the 1.3000 as it was expected. On Friday morning, the British Pound was trading between the 55-hour and the 100-hour simple moving averages at the 1.3022 mark.
In regards to the near-term future, most likely, the currency exchange rate will get the support of the 100-hour SMA to surge towards the resistance of the weekly R2 at 1.3060.
On the other hand, the 55-hour simple moving average could resist the British Pound to push the rate to trade sideways at the 1.3000 level.