Positions | Today | Yesterday | % Change | |
Longs | 31% | 38% | -22.58% | |
Shorts | 69% | 62% | 10.14% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Sell | |
RSI (14) | Sell | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Neutral | |
Alligator (13; 8; 5) | Buy | Buy | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇒ | ⇗ | ⇘ |
The single European currency surpassing the upper boundary of an ascending pattern late on Monday signaled to a continuous rally within the given session. This prediction, however, was abandoned when the pair breached the upper border of a dominant channel and followed by a brief decline.
It is expected that bearish sentiment still pushes the Euro lower during the following trading session until the 55-hour simple moving average or the 100-hour SMA is reached.
Technical signals are located in the overbought zone. Therefore, the EUR/JPY currency exchange rate is likely to decline within the following trading hours.