Positions | Today | Yesterday | % Change | |
Longs | 55% | 62% | -12.73% | |
Shorts | 45% | 38% | 15.56% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Neutral | |
Alligator (13; 8; 5) | Buy | Sell | Neutral | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇗ | ⇓ | ⇘ |
The Greenback's attempts to recovery against the Yen are likely to be short-lived, as the recent breach from the triangle pattern on the daily chart suggests so. Furthermore, technical indicators are giving distinctly bearish signals, implying a slide back towards 109.22, namely the monthly S1, is possible. Ahead of this area the USD/JPY currency pair has no other solid demand areas, while a resistance line is in fact present. The US Dollar could easily weaken within the next two days and retest the mentioned demand level, but is expected to receive a strong boost from that point, with the Fed rate hike announcement on Wednesday acting as a catalyst.