EUR/JPY starts week passively

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Hopes that maybe we will get better news out of Greece is providing a little bit of support to the euro. I am not supremely confident (of a resolution being reached on Tuesday). The history of this process has been one of delays." 
- HSBC (based on Reuters)

Pair's Outlook
After a minor tip toe of 33 pips yesterday pair is hovering slightly below 104 JPY. It seems It is planning to stay there for some time more, but Stochastic indicator suggest pair is oversold and bearish dip is just around the corner. However, longer term technicals and support levels allow us to believe that dip should not be much further than 103 JPY.

Traders' Sentiment
Bears gained some ground during the weekend and at the moment they constitute for 54% of traders in the market. However, distribution of pending orders which is in favour for the bulls (54% of all orders) suggest market sentiment can return to perfect equilibrium as in the end of last week.

© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 19 Nov 2012 16:25:47 GMT

AUD/USD bounces from 55-day SMA

Pair advanced by more than 60 pips after receiving a bullish impetus from 55-day SAM at 1.034 yesterday. Although pairs outlook is rather neutral, stochastic indicator suggests it is not just a one time incident, but rather a start of a bullish rally which should test strong resistance areas around 1.044 and 1.047 rather soon.

Mon, 19 Nov 2012 08:48:40 GMT

GBP/USD steps above the 200-day SMA at 1.5859

After the test of the 200-day SMA at 1.5859 in the end of last week, GBP/USD pair steps higher and currently is traded at 1.5915. The pair retreated from the weekly S1 level at 1.5844 and now easily moves towards the 100-day SMA and the weekly R1, which intercept at 1.5944 level. Considering an uptrend scenario, 1.5932-1.5967 range will be

Mon, 19 Nov 2012 08:48:17 GMT

USD/CHF steps higher from 0.942 level

During Friday trading session USD/CHF pair moved up and checked the 200-day SMA at 0.9466. Seems that the check test was successful, as the price closed beneath the moving average and today extends a downside movement. The possible support levels are 0.9393, the weekly S1, and the 0.9362-0.9344 range, where the 55-day SMA and the weekly S2 cross.

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.