Positions | Today | Yesterday | % Change | |
Longs | 60% | 66% | -10.00% | |
Shorts | 40% | 34% | 15.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Neutral | Sell | Sell | |
SAR (0.02; 0.2) | Sell | Sell | Sell | |
Aggregate | ⇘ | ⇘ | ⇘ |
Even though flashing bullish signs on Monday, bearish sentiment took control of the market during the second part of the day, as the 200-hour simple moving average pressurized the currency pair lower toward the lower boundary of an ascending junior pattern.
By mid-Tuesday, the exchange rate was stranded between SMAs. The 55-hour simple moving average combined with the weekly PP at 0.7419 was providing resistance for the pair while the 100-hour SMA was proving support.
Everything being equal, a breakout through the bottom border of the junior ascending pattern could be expected within this session.