| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 68% | 71% | -4.8% |
| Shorts | 32% | 29% | 10.1% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The single European currency surged by 325 basis points or 2.78% in value against the Japanese Yen on Friday. The currency pair breached the 50-, 100– and 200– hour SMAs during Friday's trading session.
Everything being equal, the exchange rate will most likely continue to trend bullish within this session. A breakout through the upper boundary of a descending channel pattern could occur.
However, if the currency exchange rate fails to break the descending channel pattern, a downside retracement could be expected during the following trading session.