Positions | Today | Yesterday | % Change | |
Longs | 29% | 32% | -10.34% | |
Shorts | 71% | 68% | 4.23% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Sell | Sell | Neutral | |
Stochastic (5; 3; 3) | Sell | Buy | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇒ | ⇗ | ⇗ |
The surge of the Euro continues on all pairs, in which the common European currency is involved. Mario Draghi's comments that he has been misunderstood did not hold back the markets from forcing the Euro higher. The EUR/JPY currency exchange rate is no exemption to the rule. The pair has surged above all of the notable levels of resistance and broken the long term resistance line. Due to that from a technical perspective the pair should skyrocket. However, there is a way to measure the surge of the Euro against the Japanese Yen. A short term ascending channel pattern has been spotted. It might be the guide of the pair to new heights. However, another information release by the ECB might break it.