GBP/USD steps sharply lower

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The risk of going over the cliff is higher than markets expect and the battle for the White House will pale in comparison to the all-out war that is likely coming in Congress"
- Nomura (based on Reuters)

Pair's Outlook
The candle pattern did not work out on Friday trading session and the price decreased till the 1.5890 level, where only the lower Bollinger line can be found. As the price is constantly decreasing since 2nd of November, it is possible to see a small correction till the 100-day SMA and after that further price appreciation, at least till the 200-day SMA at the 1.5860 level. Also, a low RSI value of 38 should be considered.

Traders' Sentiment
Traders in SWFX market reversed their positions, as the bullish side increased since Friday from 43% to 51% and the bearish side currently consists 49% of the market. Placed orders segment stays slightly bearish, as 42% orders are for a buy position and 58% for a sell.

© Dukascopy Bank SA
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Actual Topics

Mon, 12 Nov 2012 08:56:34 GMT

USD/JPY is bounded by the 200-day SMA

USD/JPY pair's downside movement is bounded by the 200-day SMA. Despite the fact that the price has broken through this level a few times in the last days, the price still came back and closed around it. Therefore, the 200-day SMA level is really important and settlement below it would mean a sharp price drop. Further support levels remain at

Mon, 12 Nov 2012 08:35:04 GMT

EUR/USD slips further

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