Positions | Today | Yesterday | % Change | |
Longs | 37% | 30% | 18.92% | |
Shorts | 63% | 70% | -11.11% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Neutral | Neutral | Sell | |
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 expectations, a recently formed downtrend did not sustain for long. Namely, in the second half of Wednesday the Kiwi has successfully left the channel in the northern direction, bypassing the 100- and 200-hour SMAs. However, a more intensive surge began in the early Thursday's morning, when the currency rate ran though the weekly PP and approached the weekly R1 at 0.7340. Most probably, the pair will a make a rebound near this resistance level and after that fall back to the above weekly PP, which by this time should be already accompanied by the all three 55-, 100- and 200-hour SMAs. This scenario is supported by various technical indicators, which suggest that the rate is overbought.