| Positions | Today | Yesterday | % Change | |
| Longs | 45% | 43% | 4.44% | |
| Shorts | 55% | 57% | -3.64% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Buy | |
| RSI (14) | Buy | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Neutral | Buy | |
| Alligator (13; 8; 5) | Sell | Sell | Buy | |
| SAR (0.02; 0.2) | Sell | Sell | Buy | |
| Aggregate | ⇘ | ⇘ | ⇑ | |
[ANNOUNCE] Driven by its broad-based weakness against a basket of currencies, including the Yen, the US Dollar continues to approach a four-month descending channel with its lower boundary located near the 110.00 mark. [/ANNOUNCE]
The pair's attempt to edge higher on Friday was disrupted by the combined resistance of the monthly S1 and the 55-hour SMA circa 111.50. As a result, the Greenback fell even lower and thus had reached 110.60 by early today.
It is likely that the bearish pressure continues to affect negatively the US Dollar. A possible fall, however, should not be massive due to a notable support cluster being located nearby circa 110.20.
Meanwhile, it is unlikely that the 55-hour SMA is breached in this session, thus leaving the rate somewhere in the 110.50/111.00 area by Tuesday.