Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Sell | Buy | Buy |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Sell | Sell | Sell |
Alligator (13; 8; 5) | Sell | Neutral | Buy |
SAR (0.02; 0.2) | Buy | Sell | Buy |
Aggregate | ⇘ | ⇒ | ⇗ |
During the previous review of the British Pound against the Australian Dollar the main attention was focused at the fact that the pair was in a very narrow channel down pattern.
The pair was approaching a significant level, which was represented by the combined resistance of the 200-period SMA and the upper trend line of the junior pattern. Although, as the level was watched, it was broken, forcing a new review.
It was discovered that there was support at the 1.7350 mark.
Although, the main focus is on the future. I the future the pair should soon hit the lower trend line of a dominant pattern, which should result in a surge.