Positions | Today | Yesterday | % Change | |
Longs | 32% | 32% | 0.00% | |
Shorts | 68% | 68% | 0.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Sell | Buy | Buy | |
SAR (0.02; 0.2) | Sell | Buy | Buy | |
Aggregate | ⇓ | ⇗ | ⇗ |
Contrary to prognoses, a release of the US ISM Manufacturing PMI did not push the currency rate out from an ascending channel. It actually gave it the opposite impulse. However, this upside moment was neutralized by a combined resistance level formed at the intersection of the 20- and 100-hour SMAs at 0.7303, which simultaneously represents the first reaction high of a new junior descending channel. From this perspective, the currency rate might attempt to fall and test the monthly PP at 0.7247. On the other hand, a 10-hour delay near the weekly S1 at 0.7277 most likely is going to lead to a premature breakout, as it also represents a bottom edge of the senior channel.