Positions | Today | Yesterday | % Change | |
Longs | 49% | 49% | 0.00% | |
Shorts | 51% | 51% | 0.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Sell | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇗ | ⇒ | ⇗ |
In result of the previous trading session the exchange rate slipped to the lower trend-line of a junior ascending channel, as expected.
Although the pattern has been broken, the further plunge still seems unlikely, as the southern side is reliably covered by a combination of the updated weekly PP at 1,316.13 and the 55- and 100-hour SMAs.
For this reason, the pair is likely to make one more attempt to reach the upper boundary of a dominant five-month long descending channel.
Due to absence of any significant data releases the rate might spend most of this week fluctuating between the above trend-line from the north and technical indicators from the south.
In larger perspective, bears are projected to take the lead for notable amount of time.