Positions | Today | Yesterday | % Change | |
Longs | 58% | 60% | -3.45% | |
Shorts | 42% | 40% | 4.76% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Buy | Neutral | |
Alligator (13; 8; 5) | Buy | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇗ | ⇘ | ⇘ |
The 55-, 100– and 200-hour SMAs have been leading the Kiwi's movement during the past three sessions.
As all three moving averages are located nearby, the pair has failed to initiate a new wave down towards the bottom boundary of the junior channel.
Such stickiness to this line suggests a possibility of a norther breakout up to the weekly R1 or the monthly PP at 0.6971 and 0.6983, respectively.
Technical indicators, however, are tended towards a more bearish sentiment. In case this scenario is to occur, the subsequent fall should not exceed the 0.6890 area where the weekly PP and the 110– and 200-hour SMAs are located.
By and large, the upcoming week is likely to continue with the pair's appreciation towards the senior channel.