Positions | Today | Yesterday | % Change | |
Longs | 58% | 59% | -1.72% | |
Shorts | 42% | 41% | 2.38% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Sell | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Neutral | |
Alligator (13; 8; 5) | Buy | Neutral | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇒ | ⇒ | ⇒ |
The British Pound experiences a significant surge upwards during the last two days of trading. The rate broke the senior descending pattern as well as the Fibonacci retracement level of 61.80% during Wednesday's trading session passing through the monthly pivot point at 1.2930.
Moreover, Wednesday's trading session ended up with a new high of 1.3041, not seen since the beginning of August. On Thursday morning the rate was at 1.3030.
The 55-hour SMA tried to catch the rate to play a role of support for the currency pair. The nearest support level is the weekly R1 at 1.2950, while the nearest resistance level is the weekly R2 at 1.3047.