| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Neutral | Sell |
| Alligator (13; 8; 5) | Sell | Sell | Sell |
| SAR (0.02; 0.2) | Buy | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
For some time an analyst at the Dukascopy research team was expecting a rebound to occur against the lower trend line of a massive scale channel up pattern. That rebound occurred this week.
However, after rebounding the currency exchange rate paused on Thursday. The reason for the pause was the still active long term channel down pattern. The pattern's upper trend line was strengthened by the 55 and 100-period simple moving averages in a range from 57.70 to 57.80.
Due to that reason a short term decline could still occur until the just mentioned resistance cluster is broken.