Positions | Today | Yesterday | % Change | |
Longs | 40% | 40% | 0.00% | |
Shorts | 60% | 60% | 0.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Neutral | Sell | |
Alligator (13; 8; 5) | Sell | Sell | Buy | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇘ | ⇘ | ⇗ |
As there were no fundamental events that could positively affect value of the buck, the currency exchange rate continued moving to the bottom under the pressure from the 100-hour SMA.
Right now the currency pair is facing no obstacles to reach the monthly S1 located at the 112.04. Under normal circumstances the rate would make another rebound.
However, in this particular case the clash most probably will match with release of data on the US Core Durable Goods Orders, which might either speed up the rebound or bolster the breakthrough.
The second option seems more viable from the point of view of new descending channel that consist of two reaction highs and two reaction lows.
But even if the pair goes in the opposite direction, it is not expected to climb above the 112.62 resistance level.