USD/CHF to aim for 0.9842

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"A strong gain for U.S. retail would add to the muddied water in terms of whether the Federal Reserve will embark on another round of quantitative easing in September"
- RBC Capital Markets (based on MarketWatch)

Pair's Outlook
USD/CHF stopped at 0.9787, but should be able to recommence advancement and soon attain 0.9842 while moving en route to 0.9994/1.0003 in a longer time perspective. Even though indicators do not give a distinct "buy" signal, the currency pair is deemed to be bullish, since it is underpinned by support at 0.9750/38, which is formed by an impenetrable until now uptrend support.

Traders' Sentiment
The Swiss Franc is the least popular currency at the moment, being bought only in 25% of transactions. Accordingly, stance of traders towards USD/CHF is extensively bullish, being that long positions constitute 74% of the market. As for the orders, only 39% support further advancement of the pair, while 61% of them are sell orders and will hamper appreciation of the USD.

© Dukascopy Bank SA
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Actual Topics

Mon, 13 Aug 2012 15:41:46 GMT

EUR/JPY is up for stable development

Pair's double bottom pattern is signalling a further augmentation of the pair. However, it is highly likely that such a development will be rather slow and, at least for the nearest future, pair will be trading between 97.143 and 95.660.

Mon, 13 Aug 2012 07:23:58 GMT

USD/JPY's bias is neutral

USD/JPY is slowly eroding an interim resistance level at 78.33/39, though does not yet possess enough bullish momentum in order to commence robust recovery and reach 79.39/50, being that there is a number of strong resistances en route to a key zone. The nearest support is at 78.00/77.98 and should limit possible losses of the pair.

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