Positions | Today | Yesterday | % Change | |
Longs | 66% | 73% | -10.61% | |
Shorts | 34% | 27% | 20.59% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Neutral | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇗ | ⇒ | ⇓ |
The US Dollar has reached the 1.2520 mark two times since early Friday. However, it seems that the rate might not be able to edge higher, especially up to the upper channel boundary circa 1.2540.
This situation can be seen better if the ascending channel is shifted slightly to the upside to include the false breakout reached on September 28. It demonstrates that peaks are becoming more distant from the upper channel boundary of this junior channel, pointing to a possible breakout south this week. This assumption is likewise reinforced by converging technical indicators.
In general, it is likely that the Greenback still manages to move slightly higher but eventually reverses back to the downside. As a result, the overall price level during the following 24 hours might not change dramatically.