Positions | Today | Yesterday | % Change | |
Longs | 45% | 44% | 2.22% | |
Shorts | 55% | 56% | -1.82% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Sell | Sell | |
Alligator (13; 8; 5) | Sell | Buy | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇘ | ⇒ | ⇗ |
Even though information released about the US Core Retail Sales appeared to be worse than analysts expected, the pair did not manage to stay in a long term-ascending channel. It seems that the breakout was triggered by a combined pressure from the 55- and 100-hour SMAs.
It should be noted that such outcome was in line with a daily chart, which suggested that the rate was going to continue to plunge at least until the 61.8% Fibonacci retracement level at 1,278.96.
Accordingly, today the pair is likely to continue to move to the bottom, trying to reach the updated weekly S1 at 1,310.77. A recovery of the yellow metal is not expected to follow, as the northern side is reliably secured not only by the above 55- and 100-hour SMAs, but also by the updated weekly PP at 1,325.63 as well as the upper boundary of a new junior channel down.