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EUR/JPY breakout could occur

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs42%46%-9.9%
Shorts58%54%7.1%
Indicator4H1D1W
MACD(12;26;9)4H1D1W
RSI(14)BuySellBuy
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuySellBuy
SAR(0.02;0.2)BuySellBuy
Aggregate⇗⇘⇗

[ANNOUNCE]The common European currency declined by 52 basis points or 0.41% against the Japanese Yen on Monday. The EUR/JPY currency pair breached the 50– hour simple moving average during yesterday's trading session.[/ANNOUNCE]

All things being equal, the exchange rate could continue to trend bearish during the following trading session. A breakout through the lower line of an ascending channel pattern could occur.

However, if the channel pattern holds, the currency exchange rate would make a brief pullback towards the 126.40 area during the following trading session.

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26 Jan 2021

AUD/USD decline likely to continue

PositionsTodayYesterdayChange Longs34%36%-4.9% Shorts66%65%2.5% Indicator4H1D1W MACD(12;26;9)SellBuyBuy RSI(14)NeutralNeutralSell Stochastic(5;3;3)NeutralNeutralNeutral Alligator(13;8;5)NeutralBuyBuy SAR(0.02;0.2)SellSellBuy Aggregate⇘⇒⇗ [ANNOUNCE]The Australian Dollar declined by 42 basis points or 0.54% against the US Dollar on Monday. The 50-, 100– and 200– hour SMAs provided resistance for the currency pair during yesterday's trading session.[/ANNOUNCE]As for the near future, the exchange rate could continue to edge lower in a descending channel pattern.

25 Jan 2021

XAU/USD tests resistance level

PositionsTodayYesterdayChange Longs57%57%1.2% Shorts43%43%-1.6% Indicator4H1D1W MACD(12;26;9)BuyBuyBuy RSI(14)NeutralNeutralNeutral Stochastic(5;3;3)NeutralNeutralNeutral Alligator(13;8;5)BuyBuyBuy SAR(0.02;0.2)SellBuyBuy Aggregate⇒⇗⇗ [ANNOUNCE] Since Friday evening, the XAU/USD exchange rate has been testing the resistance formed by the Fibo 23.60% and the 55-hour SMA circa 1,860.00. [/ANNOUNCE] It is likely that yellow metal could remain under pressure of the predetermined resistance. Thus, the commodity could depreciate against the US Dollar within the following trading

25 Jan 2021

USD/JPY revealed descending channel

PositionsTodayYesterdayChange Longs57%57%-1.1% Shorts43%43%1.4% Indicator4H1D1W MACD(12;26;9)BuyBuyBuy RSI(14)NeutralNeutralNeutral Stochastic(5;3;3)NeutralNeutralNeutral Alligator(13;8;5)BuyBuyBuy SAR(0.02;0.2)SellBuyBuy Aggregate⇒⇗⇗ [ANNOUNCE] The USD/JPY currency pair has revealed a short-term descending channel. [/ANNOUNCE] From a theoretical point of view, it is likely that the exchange rate could reverse south from the upper channel line in the short term. Note that the rate could decline to the support level—the weekly S1 at 103.42.