Positions | Today | Yesterday | % Change | |
Longs | 74% | 71% | 4.05% | |
Shorts | 26% | 29% | -11.54% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Buy | Sell | Neutral | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Sell | Sell | Sell | |
Aggregate | ⇘ | ⇓ | ⇘ |
The US Dollar managed to extend gains against the Yen during the previous session. The pair reached a new March high, but a further advance were restricted by the monthly R1 at 107.53.
The Asian session began with a fall, as Trump's proposal of new tariffs triggered risk-averse investors. By and large, it is likely that the monthly R1 pressures the rate lower during the following hours, while it remains guided by the 55-hour SMA.
The Greenback faces a relatively strong support area which is unlikely to be fully surpassed. However, some retracement down to the 100-hour SMA and the breached medium-term channel circa 106.50 might still follow.
The trading range for today is expected to be wide, as US employment data is published at 1230GMT.