Positions | Today | Yesterday | % Change | |
Longs | 39% | 48% | -23.08% | |
Shorts | 61% | 52% | 14.75% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Buy | |
Alligator (13; 8; 5) | Sell | Neutral | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇓ | ⇒ | ⇑ |
After the Euro encountered the medium term descending channel's upper trend line against the Japanese Yen, the currency exchange rate began a decline. The decline soon revealed that it has a the form of a falling wedge pattern.
By the middle of Tuesday's London trading session it was clear that the par is set to fall down to the 131.56 level, where the closest notable support was located at. The support was represented by the weekly S1.
In addition, it was strengthened by the historically important 131.51 mark.