Positions | Today | Yesterday | % Change | |
Longs | 40% | 41% | -2.50% | |
Shorts | 60% | 59% | 1.67% | |
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) | Neutral | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇒ | ⇒ | ⇗ |
Contrary to expectations, an impulse created by a release of data on the US CPI last Friday was strong enough to drive the currency rate to the 0.7916 level, where it was eventually stopped by the 200-hour SMA. Since the surge was caused by a reaction on fundamental event, today the buck should try to restore some of the lost positions. For this reason, it is expected, firstly, to target the 0.7861 mark, from which the advance had begun, and, then, the 0.7845 level. This daily scenario is supported by the slightly increased bearish market sentiment, which currently amounts 59%. In addition to that, a summary of technical indicators also send a strong sell signal. Finally, today is a silent day in terms of macroeconomic data releases from both sides of the Pacific.