Positions | Today | Yesterday | % Change | |
Longs | 51% | 51% | 0.00% | |
Shorts | 49% | 49% | 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 | Neutral | |
SAR (0.02; 0.2) | Sell | Buy | Buy | |
Aggregate | ⇒ | ⇒ | ⇒ |
Following three session of constant tests of the 55– and 100-hour SMA, the Australian Dollar finally managed to gather enough momentum and push below this support cluster. During the time of this analysis, the Aussie had tried to move above the latter, but nevertheless failed to do so.
Given that the pair has likewise breached a one-month up trend, it is likely that its direction is tended southwards within the following session. A strong support is provided by the weekly PP, the 200-hour SMA and the lower boundary of a channel up in force since early December.
By and large, the rate should remained squeezed between the narrowing moving averages until either bulls and bears demonstrate a more distinct direction.