Positions | Today | Yesterday | % Change | |
Longs | 33% | 31% | 6.06% | |
Shorts | 67% | 69% | -2.99% | |
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 | ⇗ | ⇗ | ⇒ |
After reaching the 0.7941 level last Friday, the currency pair resumed the surge towards the weekly R1 that was located near 0.8010 and made a successful rebound from it. Thus, the lowering amplitude of fluctuations brought the rate into a symmetrical triangle that was equally split by the updated weekly PP at 0.7977. By the middle of the day, the pair became squeezed between the above pivot point from the top and the 100-hour SMA from the bottom. Altogether, this means that a breakout is likely to happen in both directions. If it slipped to the bottom, the fall most probably will be stopped by the 200-hour SMA near 0.7950. In contrast, the northern side has no resistance barriers until the new weekly R1 at 0.8076.