USD/CHF sharply appreciates

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy
"Sixty-eight percent of 60 economists said the Fed chairman's third round of quantitative easing will last until late next year or beyond. Just 51 percent of them said the strategy will help boost employment, with a median estimate of 116,000 jobs over the course of next year"
- Bloomberg

Pair's Outlook
In yesterday's trading session USD/CHF has retreated from 0.9262 support level and sharply appreciated, with a peak at 0.9330. USD/CHF pair fluctuates in a downward sloping channel together with neutral technical indicators, therefore it is very possible that the price is consolidating and preparing for a high timeframe impulse. If the channel idea is true, it is likely to see the price increase to a 0.9360 level.

Traders' Sentiment
USD/CHF keeps an overbought pair's status, as 74% traders have a buy position and only 26% a short. As for the orders placed on the pair, 63% are buy and 37% are sell orders, and thus imply existence of a significant support situated near the spot price, which will delay decline.

© Dukascopy
Back to articles

Actual Topics

Wed, 24 Oct 2012 15:26:07 GMT

EUR/JPY slows down at 103.5

Pair started week positioning itself for major gains, but after loosing all of it yesterday has stabilized and at the moment is hovering around 103.5. Although technical indicators send combined buy signal, it is worth taking in to account the number of neutral signals which allows as to believe that pair might be driven mostly by market sentiment and pair

Wed, 24 Oct 2012 07:49:19 GMT

USD/JPY rebounds from 79.99

Yesterday USD/JPY pair was slightly depreciating, as it found a sufficient resistance level at 79.99, which is a historical level from a previous spring. As the price recently showed a rapid increase and RSI in D1 graph reached a value of 76, it is very natural that price falls in some correction. However, it very hard to say, how the

Subscribe to "Fundamental Analysis" feed

Souscrire
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.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
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.