Positions | Today | Yesterday | % Change | |
Longs | 35% | 37% | -5.71% | |
Shorts | 65% | 63% | 3.08% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Neutral | Buy | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇗ | ⇒ | ⇑ |
There have been minor developments in the situation on the EUR/JPY hourly chart. By the middle of Monday's trading session the currency exchange rate had extended the surge, which began last week.
However, one development has taken place. If one compares the now observable channel up pattern, it can be noticed that it is different. There have been minor adjustments of the trend lines of the pattern. On Monday the pattern was drawn in a way, in which both trend lines have been confirmed at least twice.
The surge is likely to continue until the pair reaches a notable resistance level.