Positions | Today | Yesterday | % Change | |
Longs | 30% | 38% | -26.67% | |
Shorts | 70% | 62% | 11.43% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Buy | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Sell | Buy | |
Alligator (13; 8; 5) | Sell | Buy | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇘ | ⇒ | ⇑ |
After the initial jump and writing of the previous analysis of the EUR/JPY currency pair, the forecast failed pretty fast.
The reason for that was the fact that after encountering the most junior resistance the currency exchange rate retreated to the 133.30 level. Afterwards a fall followed, which eventually revealed a channel down pattern, which is the actual representation of the breaking out of the triangle pattern to the downside.
In regards to the near future, the pair has bounced off a combined support of a monthly support level and the lower trend line of the newly discovered channel down at the 132.00 mark. Due to that a surge is to be expected to the 132.57 level.