Positions | Today | Yesterday | % Change | |
Longs | 33% | 34% | -3.03% | |
Shorts | 67% | 66% | 1.49% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Buy | |
Alligator (13; 8; 5) | Sell | Sell | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Sell | |
Aggregate | ⇓ | ⇓ | ⇗ |
There has been some major development in the situation on the EUR/JPY pair. By the end of Wednesday's trading session, the currency pair has extended it lost, which began during the Asian session.
Due to the high volatility which had occurred to the Euro, the rate managed to breached the lower boundary of an ascending channel.
Given that the dominant pattern has been breached at midday on Thursday, the exchange rate is likely going to remain bearish during the next 24 hours. In the meantime, traders should look for opportunities to trade if and when the pair find support at the weekly S1.