Positions | Today | Yesterday | % Change | |
Longs | 74% | 71% | 4.05% | |
Shorts | 26% | 29% | -11.54% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Buy | Buy | |
Stochastic (5; 3; 3) | Sell | Neutral | Neutral | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇘ | ⇘ | ⇘ |
In accordance with the yesterday's prognoses, the currency pair failed to bypass a resistance barrier that was set up by the 100-hour SMA at 1.2536. After it slipped back to the 55-hour SMA, there was a small attempt to make a rebound. Unfortunately for the Dollar, an announcement of the Fed's Federal Funds Rate sucked the currency pair down by 57 basis points and left at the southern border of a preceding descending channel. After such sizable downfall, the rate is expected to target the 1.2510 level to restore lost positions. Yet, there is still a great chance the new attempt once again will be neutralized by the above 100-hour SMA. On the other hand, after the markets will cool down, the weekly S1 at 1.2476 might serve as a good trampoline to break to the top.