Positions | Today | Yesterday | % Change | |
Longs | 33% | 30% | 9.09% | |
Shorts | 67% | 70% | -4.48% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Buy | Neutral | Buy | |
Alligator (13; 8; 5) | Sell | Neutral | Buy | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇒ | ⇒ | ⇑ |
The EUR/JPY met the goals set on Friday. However, the surge of the Euro against the Japanese Yen went further than previously expected. During the surge the watched junior channel down pattern's resistance line was broken.
Due to that reason a more throughout review of the larger scale situation and the daily chart was done. It was discovered that the currency exchange rate did not simply encounter the lower trend line of one dominant pattern and a monthly support on Friday.
Instead there exists a more larger, massive scale channel up pattern. The support of that trend line forced the rebound.