Positions | Today | Yesterday | % Change | |
Longs | 65% | 68% | -4.62% | |
Shorts | 35% | 32% | 8.57% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Neutral | Sell | |
Alligator (13; 8; 5) | Sell | Sell | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇓ | ⇘ | ⇗ |
A review of the situation on the GBP/USD pair has been done. As a result of that, various new pieces of information have been discovered.
First of all, the recent decline of the pair was occuring in a medium term channel pattern, which guided the pair in its fall after encountering a dominant pattern's resistance.
However, on Friday it was revealed that there was another channel, whose support line has kept the rate from falling during this week. Moreover, a rebound has occured against the line. Due to that reason the rate should continue the surge. Although, on Friday it still has to pass the 100-hour SMA at 1.29.