Positions | Today | Yesterday | % Change | |
Longs | 74% | 70% | 5.41% | |
Shorts | 26% | 30% | -15.38% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Buy | Sell | Neutral | |
Alligator (13; 8; 5) | Buy | Neutral | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇑ | ⇒ | ⇘ |
By the moment, it is not very clear, whether yesterday's overstep beyond the 1.2748 level represents a correction or a sign of continuation of the surge. If the first case is true, then the pair will slip towards the 1.2674, which represents a bottom boundary of the double top formation.
If the second scenario is true, then the rate has to make a rebound either from the 1000-hour SMA near 1.2723, or from a combination of the 200-hour SMA and the weekly PP at 1.2689. One of these indicators has to provide a necessary impulse to allow the pair advance in the direction of the weekly R2 at 1.2812. As the market sentiment remains bullish, this scenario might be true.
In addition to that, a summary of technical indicators for the 1D timeframe send a strong buy signal.