USD/JPY steps even lower

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The biggest focus of the market as we head into year-end will be the fiscal cliff. referring to the $607 billion in tax increases and spending cuts set to be implemented in 2013 unless Congress acts. "Investors are buying safe currencies such as the Dollar and the Yen"
- Mitsubishi UFJ Ltd. (based on Bloomberg)

Pair's Outlook
A daily graph shows, that yesterday's candle closed indicating a negative performance, but more important is that the closing point was exactly at the 80.00 level. Accordingly, if today USD/JPY closes below this level, we could say that the price has settled beneath it and is ready to test new support levels. That would be 79.63, the weekly S1, and 79.34, the monthly PP.

Traders' Sentiment
Bullish traders in SWFX market were able to strengthen their dominance, as the share of long positions increased from 70% to 75% since yesterday. Pending orders segment holds its extremely bullish sentiments about a further price movement, as 85% orders are for buy and only 15% for sell.

© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 08 Nov 2012 08:57:39 GMT

USD/CHF approaches the 200-day SMA at 0.9448 Dukascopy

Yesterday USD/CHF pair closed next to the weekly R1 level at 0.9461 and this level has stopped the price increase, at least for a current moment. Presently, the price has slightly pulled back and is just on the 200-day SMA level at 0.9448. As the price tries to settle above this moving average line, the RSI indicator on a H4

Thu, 08 Nov 2012 08:57:25 GMT

GBP/USD is slowly moving towards monthly S1 at 1.5957

GBP/USD pair also showed a high volatility, as yesterday the price increased to 1.6030 and after that, in the second trading session part, sharply depreciated, braking the previous bottom at 1.5957. Currently, the price fluctuates in the lower Bollinger part on a daily graph, between the 20-day SMA and the lower line, that indicates that this currency pair still maintains

Subscribe to "Fundamental Analysis" feed

Abonnieren
Um mehr über die Forex/CFD Handelsplattform von Dukascopy Bank SA, sowie über den SWFX und weitere handelsbezogene Informationen zu erfahren,
rufen Sie uns bitte an oder hinterlassen Sie eine Rückrufanfrage.
Für weitere Informationen über eine mögliche Zusammenarbeit,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Um mehr über die Dukascopy Bank Binären Optionen zu lernen /Forex Handelsplattform, SWFX und andere Handelsbezogenen Informationen,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Um mehr über die Forex/CFD Handelsplattform von Dukascopy Bank SA, sowie über den SWFX und weitere Handelsbezogenen Informationen zu erfahren,
rufen Sie uns bitte an oder hinterlassen Sie eine Rückrufanfrage.
Um mehr über Krypto Handel/CFD/ Forex Handelsplattform, SWFX und andere Handelsbezogenen Informationen zu erfahren,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Um mehr über Business Introducer und andere Handelsbezogenen Informationen zu erfahren,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Für weitere Informationen über eine mögliche Zusammenarbeit,
rufen Sie uns bitte an oder bitten Sie um einen Rückruf.