Positions | Today | Yesterday | % Change | |
Longs | 34% | 28% | 17.65% | |
Shorts | 66% | 72% | -9.09% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Sell | Sell | |
Stochastic (5; 3; 3) | Sell | Buy | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇗ | ⇗ | ⇒ |
In line with expectations, after bouncing off from the 200-hour SMA and the monthly PP at 0.7898 the currency pair made new attempt to break through the one resistance barrier, whose existence was confirmed by three Williams fractals, and then the second one, which was set up by the weekly R1 at 0.8010. The reason behind the 34- and then 32-pip surge is attributed to announcement of the Fed's Federal Funds Rate. Accordingly, as soon as the markets have calmed down, the pair made a u-turn and started to restore lost positions. Firstly, it is expected to target the 0.8005 level and, afterwards, the 0.7942 level. On the other hand, it is also possible that the rate will stuck near the 0.7964 mark, which will serve a springboard for the new advance.