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 remained steady against the Japanese Yen on Wednesday. The pair did try to advance but was nevertheless stopped by the combined resistance of the 55– and 100-hour SMAs and the 50.0% Fibonacci retracement line. The shorter-term SMA has guided the pair ever since.
It is likely that the Greenback re-tests this area once more during this session. A successful breakout would sent it up to the 200-hour SMA near 110.00. A further advance is unlikely.
Meanwhile, in the event of bears prevailing, this potential fall should not exceed the 108.15 mark, as the 55– and 100-day SMAs are providing a rather strong support level in this area.