Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Technical Analysis
Daily Technical Analysis for Majors by Dukascopy
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="KristinaDC, post: 123940, member: 30616"] [B]USD/JPY swims in proximity to 113.00 again[/B] [IMG]http://i.imgur.com/ole3kgH.png[/IMG] [I]"After a massive buildup in long positions earlier this week, currencies are in full reversal mode, with the dollar falling aggressively." [/I] [I]– Cambridge Global Payments (based on Reuters) [/I] [B]Pair's Outlook [/B] Even though the Fed raised rates on Wednesday, both inflation and labour market showed improvements, the US Dollar still plummeted on a cautious Fed stance. Against the Yen a nearly 140-pip loss was registered, but from the technical perspective this was anticipated. The decline only confirmed the ascending channel pattern's resistance line, allowing the pair to cover most of the distance towards retesting the lower boundary. The monthly PP and the 100-day SMA is now the only obstacle on the Buck's path, which is expected to be crossed today. However, a drop under 113.00 is doubtful just yet, but is required for the up-trend to be reconfirmed this week. [B]Traders' Sentiment [/B] Now 58% of traders are long the US Dollar (previously 53%), but 55% of all pending orders are to sell it, compared to 48% on Wednesday. [IMG]http://i.imgur.com/xAmUDjQ.png[/IMG] [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…