| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
The 50-hour simple moving average has guided the common European currency higher against the Australian Dollar during last week's trading sessions. The currency pair tested the upper boundary of an ascending channel pattern at 1.6250 on Thursday.
The exchange rate tested a support cluster formed by the combination of the weekly, the monthly and the 50-hour SMA at 1.6125 during the Asia session on Monday.
If the support cluster holds, the pair will continue its upward swing during the following trading session.
However, if the pair passes the support line, a decline towards the monthly R1 at 1.6018 in the short-term.