Positions | Today | Yesterday | % Change | |
Longs | 45% | 53% | -17.78% | |
Shorts | 55% | 47% | 14.55% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Sell | Sell | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇒ | ⇒ | ⇗ |
The Australian Dollar on Monday stopped the surge against the US Dollar, as the pair encountered medium term ascending channel pattern's resistance line. Moreover, the resistance was strengthened by the weekly R1 at the 0.7960 level.
Due to that reason it is expected that the most junior channel up pattern will soon be broken, and a new junior pattern will be formed. The expected to be pattern is most likely going to guide the pair almost horizontally.
The basis for such hypothesis are the signals given by the aggregate technical indicator and the fact that after such a sharp surge, which happened after January 12, a period of consolidation should occur.