Positions | Today | Yesterday | Change |
Longs | 53% | 53% | 0.0% |
Shorts | 47% | 47% | 0.0% |
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 | Neutral | Sell |
SAR(0.02;0.2) | Buy | Buy | Sell |
Aggregate | ⇗ | ⇒ | ⇘ |
The single European currency appreciated about 77 base points against the Japanese Yen on Tuesday. The currency pair broke a dominant descending channel during yesterday's trading session.
The exchange rate began Wednesday's session with an upside movement. The pair tested the upper boundary of a junior ascending channel during the Asian session.
Most likely, the currency exchange rate could aim for a support level formed by the 50-hour simple moving average at 125.24.
On the other hand, the pair might reverse from the current price level and dash through the junior ascending channel.