Positions | Today | Yesterday | % Change | |
Longs | 53% | 42% | 20.75% | |
Shorts | 47% | 58% | -23.40% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Sell | Sell | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Sell | Buy | Buy | |
Aggregate | ⇒ | ⇒ | ⇒ |
Despite strong signals of reversal, the Sterling managed to maintain its high position against the US Dollar on Thursday, as it was trading slightly below the 1.43 mark —its 1,5-year high—during most of the session.
This still movement was disrupted by Trump's comments on stronger US Dollar which sent the pair for a 117-pip hourly plunge. This fall was supported by the 55-hour SMA which allowed for a subsequent appreciation towards 1.4250. As apparent on the chart, the previously-drawn ascending channel still holds; however, its steep positioning points to a soon breakout south.
By and large, this session should offer high volatility due to important data releases from both the UK and the US. A strong support should be provided by the 200-hour SMA, the 38.2% Fibo and the weekly R1 circa 1.3960.