Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Buy | Buy | Sell |
RSI(14) | Sell | Neutral | Neutral |
Stochastic(5;3;3) | Neutral | Neutral | Neutral |
Alligator(13;8;5) | Buy | Buy | Sell |
SAR(0.02;0.2) | Buy | Buy | Buy |
Aggregate | ⇗ | ⇗ | ⇒ |
Currently, the exchange rate is testing the monthly R1 at 1.9390. Given that the pair is being supported by the 55-, 100– and 200-hour SMAs, it is likely that some upside potential prevails in the market. It is expected that the rate targets the upper channel line located in the 1.9650/1.19750 range.
If given channel does not hold, it is likely that a breakout north occurs within following sessions. A possible upside target is the monthly R3 at 2.0217. Otherwise, it is expected that a reversal south occurs soon.