Positions | Today | Yesterday | % Change | |
Longs | 51% | 50% | 1.96% | |
Shorts | 49% | 50% | -2.04% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Buy | Buy | Neutral | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇗ | ⇒ | ⇗ |
It was already speculated on Wednesday that there should exist a long term ascending pattern dominant to the junior downwards aimed channel on the USD/JPY chart. That pattern was revealed on Thursday.
Namely, as the rate rebounded against the support of the 200-hour simple moving average, the event provided a reference point for the dominant ascending pattern.
The rebounded resulted in a surge, which passed the 55-hour SMA only to be stopped by the 100-hour SMA. If the 100-hour SMA at 110.67 gets properly passed, the rate will face no resistance. However, a new short term pattern should reveal itself in the near future.