Positions | Today | Yesterday | % Change | |
Longs | 44% | 53% | -20.45% | |
Shorts | 56% | 47% | 16.07% | |
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 | ⇗ | ⇒ | ⇗ |
On Monday the USD/JPY currency pair traded near the 110.50 mark. At that level it was being kept by the resistance of the 200-hour simple moving average. In addition, the 200-hour SMA was about to be strengthened by the 55 and 100-hour SMAs, which were located just above.
However, more notable was the fact that the rate had fallen below the support of a long term ascending pattern. The event took place suddenly, as the 55-hour SMA failed to provide support.
In regards to the future, the rate is likely going to be beaten down by the SMAs to the 110.20 level, where the 61.80% Fibonacci retracement level is located at.