USD/CHF remains at the weekly PP

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"This wouldn't be a one-time, immediate foreign-currency conversion of the outstanding debt but the gradual yet complete conversion into forint and elimination of the exchange-rate risk."
- Hungary's vice president talking about Swiss-franc loans (based on Bloomberg)

Pair's Outlook

Pair was giving away some bullishness yesterday, but it seems that the pressure coming from the 20-day SMA will keep the pair at bay. This, combined with the readings from the short and medium term technicals give rather clear indication that the pair will remain bearish in  the nearest future.

Traders' Sentiment

Share of bulls in the market increased by 2% since yesterday and at the moment they account for 75% or market participants. All of this increase seems to be coming from triggering of pending bullish orders which decreased by 8% since yesterday and is at 60% level today.

© Dukascopy Bank SA

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