Positions | Today | Yesterday | % Change | |
Longs | 70% | 54% | 22.86% | |
Shorts | 30% | 46% | -53.33% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Neutral | Sell | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇗ | ⇗ | ⇒ |
The common European currency reached the resistance of a ascending triangle pattern against the Japanese Yen. The upper trend line of the triangle pattern has kept the pair from surging since the start of July. Due to that reason it is still to be seen whether the various support levels below it will be able to force the Euro through the trend line. Namely the combined support of the 55 and 100-hour SMAs are set to provide support to the rate. Both of the moving levels of significance were located at the 130.16 level at the start of the second part of Tuesday's trading. It is most likely that the currency rate will retreat once more to the mentioned support levels during the next 24 hours.