Positions | Today | Yesterday | % Change | |
Longs | 50% | 50% | 0.00% | |
Shorts | 50% | 50% | 0.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Neutral | Buy | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇗ | ⇗ | ⇒ |
The British pound appreciated 0.82% against the US Dollar since Monday's session. During the previous session, the rate was trading sideways between the 50.00% Fibo and the weekly PP at the 1.3147 level to stop the trade at the 1.3151 mark. On Tuesday, the rate was supported by the 100-hour SMA to trade at the 1.3200 mark.
In regards to the near-term future, the British pound will surge upwards to the weekly R1 at the 1.3260 mark due to the support of the 100-hour SMA. Most likely, the British pound will trade at the 1.3200 level on Tuesday.
Moreover, none of the technical indicators may resist the rate from the surge on Tuesday.