Positions | Today | Yesterday | % Change | |
Longs | 50% | 52% | -4.00% | |
Shorts | 50% | 48% | 4.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Buy | Sell | |
Alligator (13; 8; 5) | Sell | Neutral | Neutral | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇓ | ⇒ | ⇒ |
After testing a significant resistance cluster formed by the monthly PP, the 100– and 200-hour SMAs circa 1.2750 mid-Friday, the bearish sentiment took the upper hand and guided the US Dollar lower.
The pair was fluctuating around the 55-hour SMA for the majority of session prior to reaching a two-week low of 1.2680 mid-Monday.
Indicators flash mixed signals in this session. Technical oscillators, however, are located either in the oversold area or near it, thus suggesting that a reversal might be due soon.
A possible point of reversal could be near 1.2680, as the weekly S1 at 1.2647 might prove to be a too distant target. In terms of resistance, the Greenback could maintain its fluctuations around the 55-hour SMA and thus remain located below the 100-hour SMA.