Positions | Today | Yesterday | % Change | |
Longs | 50% | 50% | 0.00% | |
Shorts | 50% | 50% | 0.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Buy | Buy | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇗ | ⇗ | ⇒ |
The British pound appreciated 0.27% against the US Dollar since Tuesday's session. During the previous session, the rate was passed the support of the 100-hour SMA to stop the trade at the 1.3186 mark. On Wednesday morning, the rate was located between the 100-hour and the 55-hour SMAs to trade at the 1.3174 mark.
In regards to the near-term future, the British pound will keep surging upwards to the weekly R1 at 1.3260 mark due to the support of the 55-hour SMA and the 50.00% Fibo level.
However, today's UK CPI data release at 8:30 GMT may break the predictions for the currency pair to pass through the 50.00% Fibo level during the data release time.