EUR/JPY remains in 1 Yen range

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"After three particularly good days it would not surprise me today if we have a bit of a pullback to get better levels to buy in." 
-Daragh Maher, HSBC (based on Reuters) 

Pair's Outlook

Pair tumbled today and is testing Fibonacci retracement at 97.937. It is unlikely the pair will breach this level due to major psychological pressure as quite a few market participants expect to see a pullback till the end of the trading week.  

Traders' Sentiment
Week seems to be closing down at traders being in perfect balance—equal amount of traders keep long and short positions open. However, in the range of 100 pips from current market price 92% of traders have posted buy orders, indicating we might start a new week with major shift in trader sentiment.

© Dukascopy Bank SA
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Actual Topics

Fri, 24 Aug 2012 15:06:46 GMT

AUD/USD moves on mining concerns

It seems that pair is driven completely by the fundamental news regarding the commodity prices, especially those from mining sector, but cluster of support levels at 1.0345 should stop pairs depreciation by the end of the trading week.

Fri, 24 Aug 2012 07:06:56 GMT

USD/CHF's outlook is negative

Rate of the greenback's depreciation against the swissie is slowing down ahead of a support line at 0.9504, implying an increased possibility of a bullish correction taking place. Nevertheless, the rally is likely to be shallow, given that USD/CHF is anticipated to decline to 0.9395/82 in a longer time perspective. Accordingly, resistances at 0.9589/9606 and 0.9643 are to ensure that

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