Positions | Today | Yesterday | % Change | |
Longs | 33% | 37% | -12.12% | |
Shorts | 67% | 63% | 5.97% | |
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) | Neutral | Buy | Buy | |
SAR (0.02; 0.2) | Sell | Buy | Buy | |
Aggregate | ⇒ | ⇗ | ⇒ |
Global geopolitical tensions during the weekend weighted heavily on the EUR/JPY currency pair, as risk-averse traders transferred their money into the Yen. As a result, the given pair opened at the 200-hour SMA circa 130.20, compared to its closing price at 130.80.
The Euro has since recovered from the sudden drop in price and is approaching the 55-hour SMA at the 130.73 mark. It is likely that the rate continues to appreciate in this session, setting the 131.00 area—reinforced by the 100-hour SMA and the bottom wedge boundary—as a possible upside target.
Meanwhile, the 200-hour SMA should support the Euro in case no new North Korean developments occur.