Positions | Today | Yesterday | % Change | |
Longs | 25% | 31% | -24.00% | |
Shorts | 75% | 69% | 8.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Buy | Sell | |
Alligator (13; 8; 5) | Sell | Buy | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇓ | ⇗ | ⇗ |
Contrary to expectations, an impulse given by the combined resistance level formed by the upper-channel line and the 20-, 55- and 100-hour SMAs was strong enough to throw the currency pair through the monthly PP at 0.7247, the bottom trend-line at 0.7239 and the weekly S1 at 0.7238 one by one. Technical indicators show that by the middle of the day the pair has become oversold, which means a rebound is about to happen soon. However, such h reversal might have a short-term effect since the pair continues to move in a general downtrend. Hence, the drop to the weekly S2 located at the 0.7191 level has a chance to happen in upcoming two-three days.