USD/CHF slips towards the 100-day SMA

Source: Dukascopy Bank SA
© Dukascopy Bank SA
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- Zillow (based on Bloomberg) 

Pair's Outlook 
Yesterday USD/CHF slipped beneath the 200-day SMA and made a spike to check the 55-day SMA at 0.9363. Sellers were stronger at this level and pushed the price lower along the Bollinger band. A  continuation of bearish trend is very possible, as there are no signs of trend reverse and the closest support is at 0.9292, where the 100 -day SMA is positioned. 

Traders' Sentiment 
Bulls and bears remain the same distribution of opened positions, as a gentle control is positioned on the buy side with 53%. Pending orders market is bearish, as 57% of orders are waiting to sell the pair.
© Dukascopy Bank SA
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Actual Topics

Wed, 10 Apr 2013 14:58:46 GMT

EUR/JPY testing Bollinger band

After what seemed like a possible end of the rally yesterday, pair picked up the pace once more and at the moment is trying to advance outside the boundaries of the Bollinger band.

Wed, 10 Apr 2013 08:18:06 GMT

EUR/JPY freezes at yesterday's close

Trading of EUR/JPY continues to take place above the upper Bollinger band, though the currency pair, as noted yesterday, is already showing some signs of weakness ahead of the resistance at 131.47/130.86.

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