EUR/JPY changes sentiment northward

Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 36% 34% 5.56%
Shorts 64% 66% -3.12%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

Monday's trading session was dominated by bears who pushed the rate down to the 100-hour SMA, the weekly PP and the 23.8% Fibo circa 133.20. The opposite situation was apparent during the first half of Tuesday when bulls managed to re-gain some of its lost positions and even reach the 133.80 area by mid-day. 

The Euro is approaching its four-week high circa 134.10. Technical indicators demonstrate that there is still some upside potential that could be realised until the aforementioned high. 

It is expected that the rate's subsequent movement might be southward down to the 55– and 100-hour SMAs in the 133.60/55 territory. As a result, the common European currency should remain stable against the Greenback if considering daily changes in price.

Actual Topics

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.