Positions | Today | Yesterday | % Change | |
Longs | 52% | 53% | -1.92% | |
Shorts | 48% | 47% | 2.08% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Neutral | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇗ | ⇘ | ⇘ |
During Thursday's trading session, the European Single Currency surged to the 1.1340 level piercing the resistance of the 200-hour simple moving average. During Friday morning hours, the currency exchange rate was resisted by the 200-hour simple moving average to trade at the 1.1347 mark.
In regards to the near-term future, most likely, the currency exchange rate will move upwards to break the resistance of the 200-hour simple moving average to trade near the weekly pivot point at the 1.1384 mark.
On the other side, the 200-hour simple moving average could resist the currency exchange pair to push the rate to trade at the 1.1320 level during the day.