Positions | Today | Yesterday | % Change | |
Longs | 58% | 64% | -10.34% | |
Shorts | 42% | 36% | 14.29% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Buy | Neutral | |
Stochastic (5; 3; 3) | Sell | Neutral | Sell | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇓ | ⇘ | ⇘ |
Despite showing some signs of strengthening on Wednesday, the US Dollar failed to breach the resistance cluster of the 55– and 100-hour SMAs for the second time yesterday. As a result, the pair was pushed down to the weekly S1 at 1.2480 and remained near this area by the time of this analysis.
The combined data release of the US and Canada at 1330GMT weighted heavily of the Greenback, as it plunged 1.1% during the first 10 minutes after publishing the fundamentals.
The magnitude of this fall suggests that the aforementioned SMAs are unlikely to be surpassed by mid-Monday. However, some correction northwards is still expected to occur. The US Dollar faces the monthly and weekly S1 at 1.2421 and 1.2480, respectively, along the way.