Positions | Today | Yesterday | % Change | |
Longs | 38% | 40% | -5.26% | |
Shorts | 62% | 60% | 3.23% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Sell | Sell | |
Stochastic (5; 3; 3) | Buy | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇑ | ⇒ | ⇒ |
As the Euro bounced off the long term ascending channel pattern's upper trend line against the Japanese Yen, it began a decline, which stopped at the middle of Thursday's trading session. The rate rebounded against the lower trend line of the short term ascending channel pattern, which was supported by the 55-hour SMA and the weekly R1 near the 130.80 mark. Due to the before mentioned bounce off from the long term resistance, it can be expected that the currency exchange rate will pass the junior pattern's support. However, as the rebound recently occurred, it is quite possible that the rate will go for a reconfirmation of the dominant trend line. The reason for this hypothesis is that the range up to the 131.50 mark is free from notable resistance levels.