Positions | Today | Yesterday | % Change | |
Longs | 48% | 45% | 6.25% | |
Shorts | 52% | 55% | -5.77% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Neutral | Neutral | Sell | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Sell | Neutral | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇓ | ⇒ | ⇒ |
The Sterling showed significant volatility against the US Dollar on Thursday which was seemingly caused by mounting tensions around Brexit.
This weakened the British currency by 0.6% against its American counterpart, thus sending the pair as low as the 100-hour and 100-period (4H) SMAs near 1.3390. At the same time, the pair also reached a new two-week high of 1.3465 prior to this fall. The remainder of the day was very calm, as volatility eased due to the monthly PP and the 55-hour SMA being located nearby.
Technical indicators flash bearish signals for this session. In case this 55-hour moving average is breached and the pair does go lower, the it faces two strong support levels at 1.3375 and 1.3340. In terms of resistance, the 200-period (4H) SMA and the 61.80% Fibo are located at 1.3550.