EUR/JPY rebounded from 99.000

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"There are a huge amount of (euro) sell orders at $1.2500, about a billion dollars. We tried to test the upper band and didn't have enough gas."
- Boris Schlossberg, BK Asset Management (based on Reuters)

Pair's Outlook

Pair has rebounded from 99.00 and is likely to depreciate further as Stochastic indicator is giving sell signal on 1H horizon. However, pair should not have enough momentum to breach cluster of support levels around 98.00-97.5.
 

Traders' Sentiment

Traders' sentiment now is in perfect equilibrium after 7% of long traders closed their positions since yesterday. However, distribution of pending orders shows we still might see an increase in bullish sentiment as 58% of traders have posted buy orders in the range of 100 pips from current market price.

© Dukascopy Bank SA
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Actual Topics

Wed, 22 Aug 2012 15:04:12 GMT

AUD/USD loses as commodity prices tumble

Australian dollar lost ground and gained momentum as prices of shale gas and nickel are dropping. However, cluster of support levels at 1.0372/76 should provide enough support and contain the pair from dropping further.

Wed, 22 Aug 2012 07:45:47 GMT

EUR/USD's rally extended up to 1.2453/80

EUR/USD has strongly rebounded from an uptrend support yesterday. The short-squeeze has led to an attainment of resistance at 1.2453/80 - location the last obstacle en route to 1.2519/56, namely a downtrend resistance line since August 2011. Since the latter level is highly unlikely to be breached, the next week is expected to be bearish, as pointed out by most

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