EUR/JPY trying to breach 99

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The sustained fiscal austerity and ‘muddling through' approach to the crisis is increasingly taking its toll on economic confidence across the region." 
-Martin van Viet, ING Financial Markets (based on Financial Times)

Pair's Outlook

EUR/JPY is still trading in rather tight range, but tested 99 mark today. Outlook on the pair is neutral, but technical indicators suggest that new trading week might start with a sharp drop to weekly pivot S1.
 

Traders' Sentiment

Traders sentiment became bullish as proportion of traders holding long positions increased to 57%. For the fourth day in a row, 80% of all pending orders are buy orders indicating that traders are waiting for pair to breach a major resistance level.

© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 31 Aug 2012 14:54:05 GMT

AUD/USD tries to recover

Aussie gained today and as pair's outlook is mildly positive and the stochastic indictor sends buy it is likely that pair has reached turning point and should advance above 200 day SMA in ne trading week.

Fri, 31 Aug 2012 07:26:32 GMT

USD/CHF remains bearish

USD/CHF undergoes yet another bullish correction, which is expected to end near 0.9632/36, where 100 day SMA and an accelerated downtrend resistance line are. Subsequently, the pair is likely to come under pressure and weaken as long as 0.9407/0.9395 is not attained. There we anticipate to see a strong rebound, which may pare most of the prior losses we have

Subscribe to "Fundamental Analysis" feed

Souscrire
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.