EUR/JPY testing 101.140

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The effect on the yen was negative, as you'd expect as 10 trillion was more than the market was looking for."
-Nordea (based on Business Recorder)
 
Pair's Outlook
After receiving a push from Bollinger band at 103.920 pair has gained some momentum and currently is testing 200 day SMA at 102.140.  Pairs downside risk persists, but its way down should not be as fast as recent bullish rally as support levels at 101.818 and 101.616 are in close proximity to each other.

Traders' Sentiment
Bullish sentiment on the pair persists as slim majority (53%) of traders continue to hold long positions on the pair. Significant amount, 9%, of buy orders was realized since yesterday as pair tried to step up today. Remaining share of buy orders (72%) suggests strong underlying support for the pair in lower levels.

© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 19 Sep 2012 15:37:05 GMT

AUD/USD rebounds from 55 day SMA

Pair bounced from 55 day SMA at 1.0424 but seems to lack momentum and is currently hovering above Fibonacci (38.2% of move since 6th of September) at 1.0446. Pairs downside risk is still elevated since it is highly likely that is has not undergone full bearish correction and amount of posted sell orders point at strong resistance above the current

Wed, 19 Sep 2012 08:25:04 GMT

USD/CHF's bias is negative

Strong selling pressure permitted only a tepid rally to appear on the chart, implying that bearish momentum is not yet exhausted and may continue to drag the price down. The initial support lies at 0.9253, whereas subsequent levels are at 0.9198/73 and 0.9083. Resistances have a much lower chance of coming into play soon, but remain ready at 0.9328 and

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.