Positions | Today | Yesterday | % Change | |
Longs | 56% | 48% | 14.29% | |
Shorts | 44% | 52% | -18.18% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Buy | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Sell | Sell | |
Alligator (13; 8; 5) | Sell | Buy | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇘ | ⇒ | ⇗ |
EUR/JPY managed to reach the lower Bollinger band late Thursday prior to surging 44 pips in this session. The European common currency fluctuated around the 20-hour SMA until mid-day, thus losing its strong momentum upwards. The currency did breach the 100-hour SMA at 123.55; however, being at the upper Bollinger band may reverse the rate back in the 123.40 area. The 55-hour SMA remains rather flat, while the 100-hour SMA is steadily approaching the former from above. A cross of both SMA's would be a bearish signal in line with the intermediate trend south. In addition, the pair has been trading sideways for the last two days, thus failing to form a distinctive correction upwards in the channel down pattern. This might suggest that the bearish outlook may prevail, sending the pair for a fall.