© Dukascopy Bank SA
- Nomura (based on Reuters)
Pair's Outlook
The candle pattern did not work out on Friday trading session and the price decreased till the 1.5890 level, where only the lower Bollinger line can be found. As the price is constantly decreasing since 2nd of November, it is possible to see a small correction till the 100-day SMA and after that further price appreciation, at least till the 200-day SMA at the 1.5860 level. Also, a low RSI value of 38 should be considered.
Traders' Sentiment
Traders in SWFX market reversed their positions, as the bullish side increased since Friday from 43% to 51% and the bearish side currently consists 49% of the market. Placed orders segment stays slightly bearish, as 42% orders are for a buy position and 58% for a sell.
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