Positions | Today | Yesterday | % Change | |
Longs | 71% | 74% | -4.23% | |
Shorts | 29% | 26% | 10.34% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇘ | ⇓ | ⇓ |
Even the massive leap both directions apparent during the last 24-hours could not disrupt the boundaries of the descending channel. The rate dashed through the 55– and 100-hour SMAs and the weekly PP with no hindrance, being stopped solely by the aforementioned channel lines.
Given the strength of this pattern, It is likely that the pair continues its current direction towards the upper channel boundary and subsequently stops near the weekly PP.
Even though technical indicators flash strong bearish signals, no massive fall is expected to occur, thus setting the weekly S1 at 1.2430 as the bottom limit for the remaining trading session.