Positions | Today | Yesterday | Change |
Longs | 48% | 49% | -2.1% |
Shorts | 52% | 51% | 1.9% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Sell | Buy | Sell |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Sell | Neutral | Neutral |
Alligator(13;8;5) | Sell | Neutral | Neutral |
SAR(0.02;0.2) | Sell | Sell | Buy |
Aggregate | ⇓ | ⇒ | ⇒ |
During Tuesday's trading session, the currency exchange rate broke the resistance of the 55-hour simple moving average. During Wednesday's midnight hours, the rate was resisted by the 100-hour SMA at the 1.2890 mark.
In regards to the near-term future, most likely, the British Pound will depreciate against the US Dollar to the 62.30% Fibonacci retracement level at 1.2864.
Note, during today's UK CPI data release at 9:30 GMT, the rate depreciated by 8 base points to turn the rate towards the 55-hour simple moving average at the 1.2885 mark.