Positions | Today | Yesterday | % Change | |
Longs | 74% | 71% | 4.05% | |
Shorts | 26% | 29% | -11.54% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Buy | Sell | Neutral | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Sell | Sell | Sell | |
Aggregate | ⇘ | ⇓ | ⇘ |
Thursday's trading session did not introduce significant changes to the pair's price level, as any attempts to move either direction were restricted by the 100-hour SMA and the weekly S1. The former was breached to the upside early on Friday, thus clearing the way until the weekly PP and the 200-hour SMA at 109.50.
In case no fundamentals surprise the market, it is unlikely that this level is breached, as it is likewise reinforced by the 200-period SMA on the 4H chart. Thus, it is expected that the pair is tended south in this session. The nearest support is the 55– and 100-hour SMAs at 108.80. The given fall should not stop there but continue even lower until the 108.40 mark.