Positions | Today | Yesterday | % Change | |
Longs | 38% | 41% | -7.89% | |
Shorts | 62% | 59% | 4.84% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Buy | Neutral | Neutral | |
Stochastic (5; 3; 3) | Buy | Buy | Neutral | |
Alligator (13; 8; 5) | Sell | Neutral | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇒ | ⇒ | ⇗ |
On Monday, the common European currency passed the resistance of a long term ascending pattern against the Japanese Yen.
By the middle of the day, the pair was set to reconfirm the level of significance as support and face the resistance of the weekly R1, which was located at the 130.35 mark.
However, the rate's surge is not expected to be large, as the rate might not pass the weekly R1 and trade sideways until the currency exchange rate reaches the upper trend line of a massive scale descending pattern near the 130.40 mark.