Positions | Today | Yesterday | % Change | |
Longs | 66% | 68% | -3.03% | |
Shorts | 34% | 32% | 5.88% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Buy | Sell | |
Alligator (13; 8; 5) | Buy | Sell | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇗ | ⇒ | ⇗ |
In result of release of data on the UK Manufacturing PMI, the Pound gained a short upside moment that helped it to leave a short-term descending channel to the top. However, a subsequent publication of information on the US labour market neutralized the surge and forced the pair to move horizontally.
As a result, today it is squeezed between two barriers. The upper side protected by a the monthly PP at 1.2991 and the upper boundary of a dominant ascending channel, while the southern side is secured by a combination of the updated weekly PP 1.2934 and the 55- and 100-hour SMAs.
Both of them represent too strong obstacles to be easily crossed. So, today the pair is expected to continue to fluctuate between them.