EUR/JPY demonstrates increased volatility

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The market is waiting for the ECB, to see what they will do. There's more room for upside in the euro over the next few weeks."
-Steven Barrow, Standard Bank Plc (based on Bloomberg Businessweek) 

Pair's Outlook

Pair demonstrated elevated volatility today wandering between 100 day SMA at 98.854 and weekly S1 at 97.742. Indicators suggest the pair should advance before eventually collapsing, but it is highly unlikely pair will manage to breach 10 day SMA resistance in the short term. 
 

Traders' Sentiment

Traders sentiment slipped in slight favor of the bulls as 54% of traders have open long positions on the pair. In the future this sentiment should increase further as 80% of all pending orders are buy orders.

© Dukascopy Bank SA
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Actual Topics

Tue, 28 Aug 2012 15:10:02 GMT

AUD/USD poses for possible recovery

Pair bounced from 200 day SMA/weekly S1 at 1.0342/36 today, but monthly PP at 1.0372 holds the pair on point for now. As stochastic indicator sends buy signal we should see a price correction action on the pair in the short term.

Tue, 28 Aug 2012 07:10:16 GMT

USD/CHF inched higher

USD/CHF drags along with the 100 day SMA, lacking bullish impetus in order to overcome it. Consequently, the currency pair is expected to bounce off 0.9621/36 and thus end its current tepid rally. Once the price steps lower, it will find an uptrend support line at 0.9571/46, followed by 0.9505/04 and 0.9407/0.9395. However, in case 0.9621/36 does not contain the

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