Positions | Today | Yesterday | % Change | |
Longs | 39% | 36% | 7.69% | |
Shorts | 61% | 64% | -4.92% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Buy | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Sell | Buy | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇑ | ⇓ | ⇗ |
The common European currency trades against the Japanese Yen as expected. The currency exchange rate has finally found support in the lower trend line of the medium term ascending channel pattern and surged to trade above the 129.00 mark.
In addition, another development has taken place. The borders of a short term ascending pattern were spotted on Thursday. However, it might be too late to take advantage of the finding.
All in all, it can be expected that the currency exchange rate will continue the surge in the upcoming trading sessions, reveal a new short term ascending pattern and reach for the upper trend line of the dominant channel down pattern.