Positions | Today | Yesterday | % Change | |
Longs | 54% | 52% | 3.70% | |
Shorts | 46% | 48% | -4.35% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Buy | Sell | Buy | |
Alligator (13; 8; 5) | Neutral | Sell | Neutral | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇒ | ⇓ | ⇗ |
The US Dollar held strong against the Yen on Wednesday, thus ending the previous session with an 85-pip gain.
The pair was stranded between the 55– and 100-hour SMAs for most of the day. However, a strong hourly surge later in the evening allowed to dash through the latter and test a resistance cluster formed by the monthly S1 and the 200-hour SMA near 111.50.
It is likely that bulls are reluctant to push past this area during the following session. Meanwhile, the southern side is guarded by the shorter-term moving averages circa 110.85 that are expected to hold firm, at least during the first part of the day.
Thus, the Greenback might enter a brief period of consolidation which could be disrupted by US fundamentals released mid-session. In case of a strong fall, the daily low should be 110.30.