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 | ⇘ | ⇓ | ⇘ |
Following two sessions of sideways movement, the Greenback eventually managed accelerated against the Yen on Friday . The pair found support at the 55-hour SMA early in the day and subsequently dashed through the 100– and 200-hour SMAs and the 50.00% Fibonacci retracement.
The pair stopped at the 100-period (4H) SMA late on Friday and was trading at this line early today, as well. This has left the rate in a narrow 109.80/20 range. Even though technical indicators are located in the overbought territory and thus are pointing to a decline today, this fall is unlikely to be significant due to the 200-hour and 200-period (4H) SMAs, among other support levels, restricting the 109.20/30 area.
In terms of the upside, the Greenback should find resistance at the weekly R1 and the 61.80% Fibo at 110.20.