EUR/JPY reaches a deciding point

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Everything depends on the data and ECB policy signals, what exactly they will do and when they will do it. Will Spain request aid?" 
- Niels From, Nordea (based on Reuters) 

Pair's Outlook

Pair is approaching last weeks high at 97.812 and it is evident that 55 day SMA could introduce enough resistance and stop pairs advancement dropping it to 97.00 and giving start to rectangle pattern formation.
 

Traders' Sentiment

Traders' sentiment hasn't changed since yesterday and remains bullish as 67% of market participants are presently long on the currency pair. In addition we can expect a strengthening in the sentiment as in the range of 100 pips from current price 65% of traders have posted buy orders in comparison to 51% yesterday. 

© Dukascopy Bank SA
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Actual Topics

Thu, 16 Aug 2012 14:53:26 GMT

AUD/USD stable

Pair remained stable today as relatively neutral data from US had no impact on the pair's development. However, outlook on the pair remains positive as there is strong reasons to believe that weekly pivots (S1;S2) at 1.0494/438 will give boost for pairs advance.  

Thu, 16 Aug 2012 14:05:33 GMT

EUR/CAD to test 1.2104

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