Positions | Today | Yesterday | % Change | |
Longs | 73% | 67% | 8.22% | |
Shorts | 27% | 33% | -22.22% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Buy | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇒ | ⇘ | ⇘ |
Bulls managed to regain some of their lost positions on Thursday, as the currency pair bounced off from the monthly support level at 0.7336 and managed to break out from the upper boundary of a descending pattern.
By the first half of Friday's session, the exchange rate has breached the 55-,100-,200-hour SMAs. The nearest resistance that could hinder that could hinder the bullish momentum is located near the 0.7415 mark.
Technical indicators demonstrate that the bearish sentiment is likely to come into play before the end of today session.