Positions | Today | Yesterday | % Change | |
Longs | 32% | 33% | -3.13% | |
Shorts | 68% | 67% | 1.47% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Sell | |
Alligator (13; 8; 5) | Neutral | Buy | Neutral | |
SAR (0.02; 0.2) | Sell | Buy | Buy | |
Aggregate | ⇒ | ⇗ | ⇒ |
During the previous trading session, the British Pound appreciated against the US Dollar to 1.3120. On Thursday morning, the rate was trading between the 55-hour and the 100-hour simple moving averages at the 1.3134 mark.
In regards to the near-term future, the rate will surge upwards to reach the 50.00% Fibonacci retracement level at 1.3163. Afterward, most likely, the 50.00% Fibo will retrace the rate to push it to trade sideways at the 1.3120 level.
On the other hand, the 100-hour simple moving average could resist the British Pound to depreciate against the US Dollar to the weekly pivot point at 1.3084.