Positions | Today | Yesterday | % Change | |
Longs | 36% | 35% | 2.78% | |
Shorts | 64% | 65% | -1.56% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Neutral | Sell | |
Alligator (13; 8; 5) | Neutral | Neutral | Buy | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇒ | ⇘ | ⇗ |
As expected and forecasted on Tuesday, the common European currency continued to trade horizontally against the Japanese Yen. Due to that reason, the previous forecast remains in force.
By the middle of Wednesday's trading session the exchange rate was still trading between the 200-hour SMA from the upside near the 129.00 mark and the lower trend line of the ascending pattern near the 128.50 level. However, in the range between those two levels various other levels of significance were located.
The rate will trade horizontally until the rate encounters the support of the lower trend line of the ascending channel pattern in a way to be forced up higher.