Daily Market Overview: USD/JPY

Note: This section contains information in English only.
Source: Dukasocopy
© Dukascopy

Daily maximum: 77.33

Daily minimum: 76.83

After USD/JPY has been unexpectedly active on Tuesday and has spiked up to 77.33 in the early morning, the market has cooled off and the pair gradually slid down to 76.83. In the afternoon USD/JPY has yet again made an attempt to break through a downtrend, though this second endeavour was unsuccessful as well, as bullish impetus was not supported by the main part of market participants.

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Tue, 22 Nov 2011 16:58:03 GMT

Daily Market Overview: USD/CHF

Following a dip down to 0.9107, being a second daily support level the currency pair has bounced off it and surged. However, this effect was only temporary and did not last for long, as the rally was halted by 20-hour exponential moving average which is just above the current price at the moment. Anyhow, the long-term bias stays bullish and recent failures are likely to

Tue, 22 Nov 2011 17:07:50 GMT

Daily Market Overview: EUR/USD

Despite the fact that the most part of the day the currency couple has been trading above pivot point at 1.3484, being a bullish sign, EUR/USD was not able to penetrate resistance located at 1.3554/68 today. This signifies continuation of the downtrend and the current outlook therefore remains bearish. At the moment the price for 1 unit of the European currency is 1.3521 American Dollars.

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