Positions | Today | Yesterday | Change |
---|---|---|---|
Longs | 39% | 39% | 0.4% |
Shorts | 61% | 61% | -0.3% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Buy | Buy | Buy |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Neutral | Neutral | Neutral |
Alligator(13;8;5) | Buy | Buy | Buy |
SAR(0.02;0.2) | Buy | Sell | Buy |
Aggregate | ⇗ | ⇒ | ⇗ |
During Tuesday's trading session, the British Pound depreciated against the US Dollar to pass through 200-hour simple moving average. During Wednesday's midnight hours, the rate kept depreciating to trade at the 1.3188 mark.
In regards to the near-term future, most likely, the British Pound will appreciate against the US Dollar to break the resistance levels of the 55-hour and the 200-hour simple moving averages. It is expected that the rate might end the day at the 1.3250 level.
On the other hand, the resistance level of the 200-hour simple moving average could retrace the rate to push it to pass the weekly PP at 1.3276.