Positions | Today | Yesterday | % Change | |
Longs | 54% | 63% | -16.67% | |
Shorts | 46% | 37% | 19.57% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Sell | Buy | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇘ | ⇗ | ⇘ |
The US Dollar was trading chaotically on Friday, as the rate managed to dash through the 55– and 100-hour SMAs on several occasions.
The rate, however, allayed near the weekly PP for some hours prior to surging up to the weekly R1 at 1.2487 and 1.2541, accordingly.
By and large, the Greenback is stranded between these aforementioned levels that are expected to hold the pair until Tuesday. A bearish reversal near the 1.2540 mark would confirm the formation of a short-term channel up.
Given the characteristics of this pattern, the rate is likely to fall down to the lower channel boundary which will be located near the 200-hour SMA by tomorrow.