Positions | Today | Yesterday | % Change | |
Longs | 37% | 25% | 32.43% | |
Shorts | 63% | 75% | -19.05% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Sell | |
RSI (14) | Buy | Neutral | Neutral | |
Stochastic (5; 3; 3) | Buy | Buy | Sell | |
Alligator (13; 8; 5) | Sell | Buy | Sell | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇒ | ⇗ | ⇘ |
The movement of the common European currency has been guided by a one-week descending channel against the Japanese Yen. The currency pair has been pressured by the 55-hour simple moving average.
Two scenarios are likely to occur to this pair within this session. First, bears could continue pushing the exchange rate down for a likely breakout through the lower boundary of the descending channel.
Second, the EUR/JPY currency exchange rate might reverse at 130.14 and try to make a shorter term corrective move north for a potential target at 130.84 which is the 55-hour SMA.