Positions | Today | Yesterday | % Change | |
Longs | 58% | 51% | 12.07% | |
Shorts | 42% | 49% | -16.67% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Sell | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Buy | |
Alligator (13; 8; 5) | Buy | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇗ | ⇒ | ⇘ |
Bulls continue to dominate the Eurozone single currency versus the Japanese Yen during the previous session. The pair rose above the 55-, 100-, and 200-hour SMAs on Tuesday and has since been trading above this cluster. The common European currency tested the upper boundary of a junior ascending channel towards the end of the trading session on Tuesday.
After testing the upper border of the ascending channel, the currency pair made a brief retracement down.
Everything being equal, it is likely that the EUR/JPY currency exchange rate continues to maintain the junior ascending channel during the following trading session.