Positions | Today | Yesterday | % Change | |
Longs | 67% | 67% | 0.00% | |
Shorts | 33% | 33% | 0.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Sell | Buy | |
SAR (0.02; 0.2) | Sell | Buy | Buy | |
Aggregate | ⇒ | ⇘ | ⇗ |
In line with expectations, yesterday the exchange rate continued to move towards the 100-hour SMA amid a pressure from a combination of the weekly R1 and the monthly S1 as well as from release of the US macroeconomic data. At the moment, the pair is remaining in a limbo between these support and resistance levels.
Most probably, the Pound will continue to try to sneak to the top, using a silent day for its counterpart. On the other hand, the further fall towards the 1.28 mark seems a more reasonable path, as it contains a lot of free space until the 200-hour SMA near 1.2872.
Nevertheless, a summary of technical indicators vote in favour of the surge, sending a strong buy signal.