EUR/JPY trying to reach new high

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The easing of Spanish yields should provide a double boost to the Iberian economy as it decreases funding costs while at same time allowing the government to make smaller cuts in fiscal spending."
- BK Asset management (based on Reuters)

Pair's Outlook

Pair advances further and is currently trying to advance above 17th of September high at 103.87 while being supported by weekly pivot (R2) at 103.65. Although technical indicators point at further advancement of the pair in medium horizon, Stochastic indicator suggest we should see a bearish correction in the nearest future which should conclude with a dip to 103 JPY area.

Traders' Sentiment
Uncertainty in the market is continuing as equal shares of traders hold long and short positions on the pair. This happens for the second time this week. Distribution of pending orders suggest that bulls might manage to gain a bigger market share since 58% of all pending orders on the pair are to go long.

© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 18 Oct 2012 15:09:54 GMT

AUD/USD rebounds from 1.04

Pair extended its yesterdays gains early in the session today, but received a push from 1.04 and currently is stuck between weekly pivot (R2) at 1.0365 and monthly pivot (PP) at 1.0378. Pair might attempt to advance above 1.04 once more, but resistance coming from weekly R3)/Bollinger band at 1.0434/38 should push ir back to 100 bar SMA or even

Thu, 18 Oct 2012 15:43:29 GMT

XAU/USD remains bearish

The downtrend, which started yesterday, successfully managed to continue, as today the XAU/USD exchange rate experienced another movement downwards. As for now, the price is heading towards the monthly PP at 1746, which might bring some bullish impulse. If it fails to stop the movement downwards, then the exchange rate might reach the 55-day SMA at 1726, which in turn

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.