Positions | Today | Yesterday | % Change | |
Longs | 48% | 45% | 6.25% | |
Shorts | 52% | 55% | -5.77% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Neutral | Neutral | Sell | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Sell | Neutral | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇓ | ⇒ | ⇒ |
The market has not introduced notable changes to the Pound's price level against the Greenback during the previous trading session, as the pair remained fluctuating in a narrow 1.3772/1.3810 range.
The only notable event was an upside breakout of the 55–hour SMA. Being pressured by the 100-hour moving average from above, the Pound failed to accelerate and was thus located near the 1.38 mark on Monday morning.
Two sets of fundamentals are scheduled for this session that could introduce some upside volatility towards the 1.3850 mark. Even if this upward movement is not significant today, the prevailing patterns do suggest that the Sterling could be ready to regain its lost positions in the nearest time.
A possible trading area for today is between 1.3750 and 1.3865.