Positions | Today | Yesterday | % Change | |
Longs | 49% | 50% | -2.04% | |
Shorts | 51% | 50% | 1.96% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Buy | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇒ | ⇘ | ⇒ |
The Eurozone single currency is gradually gaining strength against the Japanese Yen. The currency pair bounced off its lower boundary of a descending channel on Monday, and as a result, the rate breached the 55-hour simple moving average near the 126.25 mark.
By the middle of the European market on Tuesday, the exchange rate has breached yesterday trading range at 126.76. Moreover, the 55-hour SMA was providing support for the price during the morning hours.
Technical indicators remain bearish on the daily time-frame, it is likely that the Euro slide lower during the following trading session.