Positions | Today | Yesterday | % Change | |
Longs | 62% | 63% | -1.61% | |
Shorts | 38% | 37% | 2.63% | |
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) | Sell | Buy | Sell | |
Aggregate | ⇒ | ⇒ | ⇓ |
The Australian Dollar is declining as expected against the US Dollar. However, there are new pieces of information to be analysed.
First of all the pair has stopped the initial decline and started a rebound. The reason for this move was the fact that the decline is not a plummeting move, but rather a slow decline in a channel down pattern. Some might have found the channel before by speculating with previous low points.
In regards to the near future, the pair is set to challenge the upper trend line of the junior pattern. Afterwards, it should decline down to the support of the medium sized pattern.