Positions | Today | Yesterday | % Change | |
Longs | 35% | 42% | -20.00% | |
Shorts | 65% | 58% | 10.77% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇗ | ⇗ | ⇗ |
Following a minor appreciation during the most part of Monday's trading session, the Euro plunged against the Yen late in the evening, thus resulting in a 82-pip fall in two hours.
The aforementioned fall halted at the 55-hour SMA which allowed the rate to re-test the 130.87 mark once more. Technical indicators demonstrate the prevalence of bulls, suggesting that a test of the weekly and monthly R1s near 131.50 is a likely scenario.
Given the ability of the 55-hour SMA to support the pair for the last week, the rate should remain in the 130.00/131.50 area.
However, traders anticipating US fundamentals mid-tomorrow may start to shake the market already before their official release.