Positions | Today | Yesterday | % Change | |
Longs | 51% | 53% | -3.92% | |
Shorts | 49% | 47% | 4.08% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Buy | |
Alligator (13; 8; 5) | Buy | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇗ | ⇘ | ⇘ |
A strong support cluster formed by the combination of the 55– and 100-hour simple moving averages and the weekly pivot point at 126.12 provided significant support for the EUR/JPY exchange rate on Monday and thus pushing the pair out of the upper boundary of a dominant descending channel.
During the early hours of Tuesday trading session, the currency pair breached the 200-hour SMA.
Technical indicators on both the daily and the weekly time frames suggest that the currency exchange rate is likely to make a retracement down during the following trading session.