Positions | Today | Yesterday | % Change | |
Longs | 25% | 27% | -8.00% | |
Shorts | 75% | 73% | 2.67% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Sell | Sell | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Sell | Buy | Buy | |
Aggregate | ⇒ | ⇒ | ⇒ |
As it was expected, the EUR/JPY continued to move in a limbo between the rising wedge's upper trend-line from the top and the 20- and 55-hour SMAs from the bottom until it reached a combined resistance level formed by the weekly and monthly R1 at 130.68. Once this maximum high was, the pair made a U-turn and left the formation in southwards. Nevertheless, the expected freefall until the 200-hour SMA at 129.21 did not happen immediately, as the currency rate was hindered by the 100-hour SMA. Given the mid-day plunge that pushed technical indicators in the strongly bearish and oversold territory, a rebound from the aforementioned 200-hour SMA is the most likely scenario. Consequently, the Euro may try to re-test the 100– or 55-hour SMAs circa 130.10.