Positions | Today | Yesterday | % Change | |
Longs | 42% | 45% | -7.14% | |
Shorts | 58% | 55% | 5.17% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Sell | Sell | |
Alligator (13; 8; 5) | Sell | Sell | Neutral | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇒ | ⇓ | ⇒ |
The common European currency continued to lose strength against the Japanese Yen, and by the end of Tuesday's session, the currency pair had moved back to the junior pattern.
During the first part of Wednesday's trading session, the EUR/JPY exchange rate was consolidating, as traders were indecisive. Meanwhile, a new ascending pattern has been mapped to monitor the price movement.
Everything being equal, it is likely that the currency pair maintains the newly- formed pattern. However, technical indicators stated otherwise.