Positions | Today | Yesterday | % Change | |
Longs | 25% | 28% | -12.00% | |
Shorts | 75% | 72% | 4.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Sell | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇗ | ⇒ | ⇗ |
In line with expectations, a pressure from the 55-hour SMA in combination with a number of macroeconomic data releases pushed the currency rate from a reverse symmetrical triangle downwards. The sharp drop did not follow, as the pair has quickly found a support in the face of the 100-hour SMA and then a resistance in the face of the monthly R1 at 0.7435. By the middle of the day, it is trying to break through the above weekly R1. If it succeeds, there would be no other barriers on its way until the 50% Fibonacci retracement level located at 0.7457. There is also a need take into account a reaction of traders to announcement of the US Fed Interest Rate at 18:00 GMT, which most probably is going to accelerate the surge.