EUR/JPY approaches dominant trend line

Note: This section contains information in English only.
Source: Dukascopy Bank SA


Since January 21, the EUR/JPY has continues to trade in a channel down pattern. On Friday, the rate was approaching the upper trend line of a dominant pattern. The dominant pattern has been guiding the rate since mid-January.

If the currency exchange rate breaks the dominant pattern's resistance line, the EUR/JPY might aim at the upper trend line of the junior pattern near 128.90. Above the trend line, the 200-hour simple moving average could act as resistance near 129.15.

On the other hand, a decline of the Euro against the Japanese Yen would look for support in the lower trend line of the junior pattern. However, take into account that the 128.40 mark had been acting as support during this week. The level might once again stop a potential move down.
Back to articles

Actual Topics

Fri, 28 Jan 2022 10:39:38 GMT

AUD/USD is below 0.7000

On Friday morning, the AUD/USD currency exchange rate passed below the 0.7000 mark. The 0.7000 level stopped the pair's declines in December 2021, October and September of 2020. The rate has traded above this level since July 2020. Meanwhile, it was spotted that the post-Fed rate announcement decline has been occurring in a channel down pattern. If the currency exchange rate continues

Thu, 27 Jan 2022 12:14:50 GMT

Gold drops back to 1,810.00

On Wednesday at 19:00 GMT, the US Federal Reserve confirmed that it would end quantitative easing, gradually decrease its balance sheet and hike interest rates. The event resulted in a minor decline of the USD, which was followed by a sharp surge of the US currency. By the middle of Thursday's trading, the price for gold had reached the 1,810.00 mark

Subscribe to "Fundamental Analysis" feed

Subscrever
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre as opções binárias do Dukascopy Bank / Plataforma de negociação Forex, SWFX e outras informações relacionadas com Trading,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para saber mais sobre a plataforma de Trading / Trading de Crypto/ CFD / SWFX e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para saber mais sobre o programa de Introdutor de Negócios e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.