Positions | Today | Yesterday | % Change | |
Longs | 45% | 47% | -4.44% | |
Shorts | 55% | 53% | 3.64% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇘ | ⇘ | ⇒ |
Bearish sentiment dominated the common European currency against the Japanese Yen on Tuesday. A breakout through the lower boundary of a triangle pattern occurred during the end of yesterday's trading session.
Given that the 50-, 100-, and 200-hour simple moving averages are pointing south, it is likely that the EUR/JPY currency exchange rate will continue its decline within this session.
However, it is expected that the pair makes a brief retracement towards the three SMAs at the 128.58 area today.