Positions | Today | Yesterday | Change |
Longs | 36% | 40% | -11.1% |
Shorts | 64% | 60% | 6.3% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Sell | Sell | Sell |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Sell | Neutral | Neutral |
Alligator(13;8;5) | Neutral | Sell | Sell |
SAR(0.02;0.2) | Buy | Sell | Sell |
Aggregate | ⇒ | ⇘ | ⇘ |
During Friday's trading session, the European Single Currency was resisted by the 55-hour simple moving average to pass the support level of the weekly S1 at 1.1238. On Monday morning, the rate was trading between the 200-hour SMA and the monthly S1 at the 1.1305 mark.
It is expected that the currency exchange rate will trade sideways between the 55-hour and the 200-hour simple moving averages to stay at the 1.2800 level.
On the other hand, the resistance of the 200-hour SMA could push the rate to pass through most of the technical indicators to the 1.1260 level.