USD/CAD dives further; 0.9954 is targeted by bears

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Economic news at the margin seems to be gradually improving, so this risk-on could last for a while. The Achilles heel is something unforeseen that may happen in Europe."
- Ian Nakamoto, MacDougall, MacDougall & MacTier (based on MarketWatch)

Pair's Outlook

The US dollar plummeted for the fifth day in a row, and it seems it will remain under a downward pressure. However, if a bullish trend continues, 1.0023 (PP Weekly) might become the first resistance level for bulls, followed by 1.0079 (200-day SMA) and 1.0119 (50% Fibo) in case of a successful breakout.
Traders' Sentiment
Currently, clear majority of traders (72%) hold long positions on the pair. However, in the range of 100 pips sell and buy orders are almost equally divided in between the traders, implying a possibility of rather sharp shift in the sentiment.
© Dukascopy Bank SA
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Actual Topics

Wed, 08 Aug 2012 15:44:18 GMT

NZD/USD favors bullish momentum, might move towards 0.8228

Pair transited in to bearish sentiment which is expected to last until the pair reaches the 0.8098 level, which it tried to breach 4 days on its way up last week. It is possible that after this level the pair will devalue as fast as it appreciated last week and will reach 0.8005 in next few days after the event.

Wed, 08 Aug 2012 17:12:11 GMT

GBP/JPY slowly approaching 20-day SMA

The GBP/JPY currency couple has continued its movement within the falling wedge pattern, and a breakthrough out of the pattern soon is expected. Yesterday's rally was stopped and today a small bearish reaction takes place. As for now, the price is slowly approaching the 20-day SMA at 122.52, which might stop the bearish tendency. In case it fails to reverse

Wed, 08 Aug 2012 16:39:12 GMT

AUD/JPY moving towards weekly PP at 82.57

AUD/JPY has already for some time been following the rising wedge pattern, and now the price has almost reached the upper end of the wedge, therefore a soon breakaway could be expected. Today the bearish trend renewed its movement, and now the currency couple is slowly moving towards weekly PP at 82.57, which might reverse the bearish tendency, however, in

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