| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 48% | 39% | 17.4% |
| Shorts | 52% | 61% | -15.8% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | 4H | 1D | 1W |
| RSI(14) | Buy | Buy | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Neutral | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
The common European currency surged by 55 points or 0.44% against the Japanese Yen on Tuesday. The currency pair tested the 100– hour simple moving average at 126.00 during yesterday's trading session.
Currently, the exchange rate is testing a resistance level formed by the 100– hour SMA.
If the resistance line holds, a breakout through the lower boundary of an ascending channel pattern could occur.
However, if the currency exchange rate passes the 100– hour SMA, bullish traders would dominate Wednesday's trading session.