Positions | Today | Yesterday | % Change | |
Longs | 34% | 32% | 5.88% | |
Shorts | 66% | 68% | -3.03% | |
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) | Buy | Sell | Buy | |
Aggregate | ⇘ | ⇒ | ⇗ |
Wednesday's trading session showed that the currency rate has broken the new descending channel even before it got a second confirmation point from the bottom. In line with expectations, the subsequent surge was limited by a combination of the 55-, 100- and 200-hour SMAs near 0.7610. Such outcome implies that the preceding pattern was not broken, but rather modified into a new one. If this assumption is correct, the currency rate is expected to stay below the weekly S1 at 0.7600 and continue to climb down towards the weekly S2 at 0.7507. In the opposite scenario, the rise of the pair is still expected to be limited by the above combined resistance level.