Positions | Today | Yesterday | % Change | |
Longs | 50% | 47% | 6.00% | |
Shorts | 50% | 53% | -6.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Sell | |
RSI (14) | Sell | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Neutral | |
Alligator (13; 8; 5) | Buy | Buy | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇒ | ⇗ | ⇘ |
As predicted, the 23.60% Fibonacci retracement level held firm on Wednesday and the 130.40 mark was breached during the end of the trading session. The currency pair also tested the upper boundary of a dominant descending channel during the surge.
The exchange rate consolidated above a resistance cluster during the Asian session on Thursday, as bull and bear traders were indecisive about the direction they might be targeting.
Technical indicators on the daily time-frame demonstrate that the bullish movements are likely to continue within this session.