Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Buy | Buy | Buy |
RSI (14) | Sell | Neutral | Neutral |
Stochastic (5; 3) | Sell | Sell | Sell |
Alligator (13; 8; 5) | Buy | Buy | Buy |
SAR (0.02; 0.2) | Buy | Buy | Buy |
Aggregate | ⇒ | ⇗ | ⇗ |
The Australian Dollar is trading in an ascending channel pattern against the Japanese Yen. The channel represents the pairs rebound against the combined support of two more dominant support levels.
In regards to the short term, the pair is set to continue to be influenced by the various pivot point levels until the junior channel together with the various four hour SMAs push it to the resistance of the medium dominant channel down pattern.
However, the outlook afterwards is quite unclear, as the medium pattern represents a bounce off on a much larger scale.