Positions | Today | Yesterday | % Change | |
Longs | 52% | 59% | -13.46% | |
Shorts | 48% | 41% | 14.58% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Buy | Buy | |
Alligator (13; 8; 5) | Sell | Sell | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇘ | ⇘ | ⇑ |
Despite several attempts made by bulls to take control of the market and push the rate higher on Wednesday, the movement of the US Dollar was guided by bearish sentiment and the 55-hour simple moving average.
Technical indicators flash two strong signals. On the 4H and daily time-frame, its favour subsequent bearish momentum that could dominate the exchange rate within this session.
On the weekly time-frame, technical sentiment demonstrates a strong bullish signal. This might suggest that the currency exchange rate is likely to end this week with strong bullish momentum.