Positions | Today | Yesterday | % Change | |
Longs | 47% | 45% | 4.26% | |
Shorts | 53% | 55% | -3.77% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇒ | ⇘ | ⇒ |
The single European currency appreciated about 120 base points against the Japanese Yen on Tuesday. This surge was briefly stopped by a resistance cluster formed by the monthly pivot point and the 100-hour simple moving average at the 128.95 area.
As for the short-term future, it is likely that the currency exchange rate continues to move south towards the weekly S2 at 127.71 during the following trading session.
However, a support cluster formed by the weekly S1 and the 50-hour SMA at 128.36 could hinder the EUR/JPY exchange rate from hitting the given target today.