USD/CHF respected 0.9204/.9186

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Regardless of whether the Fed chooses to pare monthly bond purchases in December, January or March, within the next four months we expect the central bank to reduce stimulus, and when they do, it will not be a one-off move but the beginning of a series of reductions."
- BK Asset Management (based on MarketWatch)


Pair's Outlook

Now that USD/CHF has confirmed the area at 0.9204/0.9186 (monthly R1 and 100-day SMA) as the new support, the U.S. Dollar is well-positioned to continue the advance from 0.8890 en route to the 200-day SMA at 0.9316. There the currency pair's readiness to travel to the March high at 0.9567 will be tested, though we must note the absence of reassurance that the pair will stay bullish for a prolonged period of time from the technicals.

Traders' Sentiment
Today the sentiment towards USD/CHF is more bullish than yesterday—the share of long positions increased from 63% to 66% overnight. As for the orders placed on the currency pair, most of them (65%) are set to enter the market with a buy trade when triggered.
© Dukascopy Bank SA

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.