EUR/JPY remains flat on Tuesday

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The fact that Governor Kuroda gave a portion of his speech to outlining the negative impact of lowering rates below zero percent helped ease speculation of further cuts to the key policy rate and helped lift the yen." 
– based on investing.com

Pair's Outlook

EUR/JPY showed no development on Tuesday morning after Monday's half percent dip, suggesting that it might not continue its short-term advance towards the trend-line at 117.90, but rather target 114.36/55 where the weekly S1, monthly pivot point and 55-period SMA limit further downside potential. If the pair does, however, recover and resumes its path North, the 50% Brexit dip retracement at 115.83 will cause a hitch before the pair rallies towards the monthly R1 at 116.46. Aggregate technical indicators support this scenario, suggesting that the rate will dive after the trend-line is reached.

Traders' Sentiment

Bullish market sentiment is at 58% (previously 63%). The share of buy orders has fallen from 62% to 54%.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 06 Sep 2016 13:04:03 GMT

AUD/USD confirms downward trend

"The RBA (Reserve Bank of Australia) is expected to keep the benchmark interest rate unchanged at record low 1.5%, in what will be Governor Glenn Stevens's final rate decision, after the bank cut rates two times in the past four months." – based on Daily FXPair's OutlookAUD/USD picked up where it had left off on the first part of Tuesday's trading

Tue, 06 Sep 2016 11:23:45 GMT

NZD/JPY bull market distracted by short-term sell-off

NZD/JPY kicked off year 2016 with a volatile consolidation inside of the bounds of a falling wedge that has been established over the last two or so years. While the scope of fluctuations in June reached 12 percent, the pair did not manage to close outside of the wedge trend-lines, but set ground for a breakout on September 1, which

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.