EUR/JPY depreciates from Bollinger band

Source: Dukascopy Bank SA
© Dukascopy Bank SA
"We are at a very critical stage at the moment and there are indicators that uncertainty is on the rise again. It is essential for the euro area to find the right mix between necessary austerity and measures to support economic growth as soon as possible." 
Commerzbank (based on Bloomberg)

Pair's Outlook

EUR/JPY finally depreciates from the Bollinger band at 132.43, as it is a common pattern when after a substantial move the pair consolidates on Monday's trading session. Today the pair slightly decreases towards a 132.00 benchmark, but any signs of stronger bearish sentiments are not exhibited yet. Considering an opportunity to see the price slipping lower, the weekly pivot point will be met first at 131.18, then the 20-day SMA at 129.60.

Traders' Sentiment
SWFX marketplace sentiments are oriented for depreciation, since 65% of orders are short. Pending orders market is mildly bullish with 59% of buy orders.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 13 May 2013 15:27:43 GMT

AUD/USD loses value even further

Weak business confidence data in Australia pushed the Aussie even lower, as the price nearly reached a 11-month low. The pair depreciated below the Bollinger band, indicating how strong bearish sentiments are at the moment.

Mon, 13 May 2013 07:11:31 GMT

USD/CHF eases pace

The pair strengthened significantly over the past week, as the price advanced from the 100-day SMA at 0.9347 to a two-month high at 0.9567.

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.