EUR/JPY targets 103.173

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Draghi has made it evident that OMTs are ready to be used once governments — looking at you, Spain — ask for help."
-Daily FX (based on Market Watch)  

Pair's Outlook
Pair continues to move towards 103.173-103.470 where it should form a second peak for a prospective Double Top pattern. It should be done fairly easily as resistance levels along the way are rather week and currently tested 102.710 is expected to be breached by the end of the day.

Traders' Sentiment
Traders are not renouncing bearish sentiment on the pair as 56% of all positions on the pair are short.  However, 59% of all pending orders on the pair are to buy suggesting a possible major shift in market sentiment in near future.

© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 05 Oct 2012 14:51:47 GMT

AUD/USD bounces from 1.0238

It becomes evident pair wont manage to breach Double Top (peaks on  9th of August and 14th of September) support at 1.0160 and Triple Top or Head and Shoulders pattern formation becomes much more likely. However, due to inconclusive signals coming from technical indicators downside risk remains significant.     

Fri, 05 Oct 2012 17:41:49 GMT

XAU/USD gains bearish momentum

Today the interim uptrend failed to continue, as the XAU/USD exchange rate experienced a small bearish decline. As for now, the price confronts the upper Bollinger band at 1786, which might bring some bullish impetus. In case it is breached, then the price might reach the weekly R1 at 1779, which in turn will probably slow down the prevailing

Fri, 05 Oct 2012 17:30:51 GMT

GBP/JPY moving towards 20-day SMA at 126.53

The uptrend, which started a couple of days ago, has finally ended, and at the particular moment the GBP/JPY currency pair is moving towards the 20-day SMA at 126.53, which is likely to reverse the prevailing bearish trend. In case it fails to slow down the current decline, then the price might reach the 200-day SMA at 126.28, which in

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
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.