Positions | Today | Yesterday | % Change | |
Longs | 61% | 67% | -9.84% | |
Shorts | 39% | 33% | 15.38% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Buy | Neutral | Neutral | |
Stochastic (5; 3; 3) | Buy | Buy | Neutral | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇒ | ⇘ | ⇒ |
Strong bearish momentum continued to dominate the Australian Dollar against the US Dollar. The reason if this decline is the general strength of the Greenback against other major currencies.
Technical indicators are starting to show more bearish signals on both the 1H and 4H time-frames, demonstrating that the depreciation for the currency pair might still continue within this session.
The base scenario for today session favours a breakout through the lower boundary of a descending pattern during the following trading session.