EUR/JPY fails to October high

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"We have had a nasty combination of a lack of inflationary pressures and record unemployment, and the market's interpretation is that the ECB may sit up and take notice."
- CIBC (based on Reuters) 

Pair's Outlook

As anticipated the pair did not manage to advance above the October high and at the moment is hovering above the 20-day SMA. It seems we will see some bullishness as bears should capitalise on their gains. Short to medium term trend, however, should remain bearish and we should see the pair trailing to 55-day SMA. 
 

Traders' Sentiment

Pending orders remains exactly where it was yesterday, at 67% set to go long. Bullish side of market sentiment, however, decreased by 4% and is at 30% gauge today.

© Dukascopy Bank SA
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Actual Topics

Thu, 31 Oct 2013 15:45:39 GMT

AUD/USD remains above the weekly S2

Weekly S2 keeps the pair supported  for the second day in a row and it is showing some bullishness.

Thu, 31 Oct 2013 08:50:47 GMT

USD/CHF inching higher

Pair seems to be facing difficulties breaching weekly R1/20-day SMA, but we expect the pair will advance above it in the course of a few days.

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