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) | Buy | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Sell | Sell | Sell | |
Aggregate | ⇘ | ⇓ | ⇓ |
The recently discovered junior channel down pattern has recently been adjusted, as it revealed a new rebound point on Friday morning. However, further decline might be limited.
The reason for that is the fact that the pair is set to rebound and reach for the resistance of the 55 and 100-hour SMAs, which have shown strong influence. Most likely the rate will surge in a very short term until it encounters notable resistance.
Afterwards it should be expected that the pair will continue the decline and reach for the 1.25 mark, where the monthly S1 is located at. In addition, the lower trend line of the most dominant pattern will approach that level next week.