Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Sell | Buy | Buy |
RSI (14) | Buy | Neutral | Sell |
Stochastic (5; 3) | Buy | Sell | Sell |
Alligator (13; 8; 5) | Sell | Neutral | Buy |
SAR (0.02; 0.2) | Sell | Sell | Buy |
Aggregate | ⇒ | ⇒ | ⇒ |
Due to a recent fundamental release of data in the United Kingdom the EUR/GBP currency exchange rate suddenly dropped down to the monthly S1, which is located at the 0.8988 level.
During that move the small and medium scale patterns were broken, as the sudden fall occurred almost exactly at the crossroads of the lower trend lines of the mentioned patterns.
However, this move could have been expected, because the pair had already bounced off the resistance line of the most dominant channel down pattern just above the 0.93 mark.
It can be expected that new short and medium term patterns will soon form.