EUR/JPY demonstrates shy gains

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"This [release] confirms that manufacturing activity is contracting, driven by the diminishing demand within the euro zone, which cannot be compensated anymore by rising demand in other non-euro-zone areas."
- BNP Paribas (based on The Wall Street Journal)

Pair's Outlook
Pair has been recovering ever since it hit 110 JPY yesterday and manage to advance approximately 30 pips today. However, recent events and readings from the RSI and the Stochastic indicator suggests that pair might advance a bit more, maybe it will even manage to reach 111.42, but no higher. Such scenario is also in line with the predictions of major market participants.

Traders' Sentiment
It seems that nothing can move bears out of the market— their numbers have been rather stable for quite some time now and today they constitute for 64% of market participants. On the other hand, pending buy orders have been piling up and at the moment they account for 72% of all pending orders.

© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 18 Dec 2012 15:55:45 GMT

AUD/USD supported at 1.0514

Pair has been depreciating for a second day in a row and at the moment is being supported by monthly R2 at 1.0514. Pair should remain above 1.05 for some time more, but market consensus is that the pair should return below 1.05 as fast as it breached this important psychological level. This probability is supported by the readings of

Tue, 18 Dec 2012 08:35:43 GMT

USD/CHF consolidates around the monthly S1 at 0.9180

USD/CHF pair lost a downside momentum, as the price was stopped by the monthly S1 level at 0.9180 after a sharp depreciation previous week. The price approached the lower line of the Bollinger line, which now requires a moment of consolidation, but the price can unexpectedly reverse and start appreciation, as a majority of banks' estimations with respect to the

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.