Positions | Today | Yesterday | % Change | |
Longs | 60% | 57% | 5.00% | |
Shorts | 40% | 43% | -7.50% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Buy | |
Alligator (13; 8; 5) | Buy | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇗ | ⇘ | ⇘ |
Bullish sentiment dominated the AUD/USD currency pair during the pair part of Tuesday's session. The upside momentum was stopped after the pair pierced the monthly PP at 0.7392.
Bulls failed to move past that barrier yesterday, however, during the early hours of Wednesday's trading session, the pair dashed through the aforementioned resistance. By the European session, bears took control of the market and sent the pair to breached the 200-hour simple moving average.
Technical indicators flash a strong sell signal today. Therefore, bears are likely to grow stronger in this session.