Positions | Today | Yesterday | % Change | |
Longs | 40% | 40% | 0.00% | |
Shorts | 60% | 60% | 0.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Sell | Buy | Buy | |
Aggregate | ⇒ | ⇗ | ⇗ |
In the end of the previous week the currency exchange rate made a breakout from the rising wedge formation.
However, because of a decreased liquidity that was caused by Christmas holidays it failed to make a rebound from the lower trend-line of a junior ascending channel.
At the moment, it is moving horizontally being squeezed between the 55- and 100-hour SMAs. As there are no important data releases scheduled today, such steady movement is expected to continue.
In larger perspective the pair might slip back to the weekly PP because of existence of an alleged resistance zone located near the 113.35 and 113.40 marks. However, there is a need to take into account that almost 56% of pending orders in 100-pip range are set to buy.