Positions | Today | Yesterday | Change |
---|---|---|---|
Longs | 73% | 74% | -1.3% |
Shorts | 27% | 26% | 3.4% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Sell | Sell | Sell |
RSI(14) | Neutral | Neutral | Buy |
Stochastic(5;3;3) | Neutral | Neutral | Buy |
Alligator(13;8;5) | Sell | Sell | Sell |
SAR(0.02;0.2) | Buy | Sell | Sell |
Aggregate | ⇒ | ⇘ | ⇒ |
The common European currency appreciated about 154 basis points against the Japanese Yen on Monday. The surge was stopped by the 200-hour simple moving average at 117.98.
The exchange rate was trading near the 61.80% Fibonacci retracement level at 117.19 during the morning hours of Tuesday's trading session.
If the support level, formed by the 61.80% Fibo holds, the currency pair will continue its upward swing today.
However, if the currency exchange rate passes the support level, bears are likely to dominate this session.