USD/CHF confidently climbs up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Currency speculators cut their bets against the U.S. dollar in the latest week to the lowest since the week of Sept. 4, according to data from the Commodity Futures Trading Commission released on Friday and Reuters calculations"
- Reuters

Pair's Outlook
USD/CHF pair continues to appreciate with a target at 0.9380/0.94 area, where a lot of resistance levels go. Last Thursday the price was already pulled back from this zone with a peak at 0.9387. But to prepare for a proper price settlement in this zone, it has to reach this level and close a D1 candle around this area, what would indicate about possible changes in trend.

Traders' Sentiment
An absolute majority of SWFX market traders, 74%, expect the Dollar appreciation and only 26% believe in an alternative scenario. Placed orders market has 65% orders for a buy position and 35% for sell.

© Dukascopy Bank SA
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Actual Topics

Mon, 29 Oct 2012 16:25:29 GMT

EUR/JPY hovering at 103 JPY

Pair started peek rather passively hovering in 20 pip range. Today It tried to depreciate to 102.5, but climber back to 103 JPY after receiving a bullish impetus from 20 bar SMA.  It is likely pair will step up some more and regain some of last weeks losses as monthly R1 and weekly PP should not be much of trouble.

Mon, 29 Oct 2012 09:02:44 GMT

USD/JPY retreats from 80.22

USD/JPY pair rebounded from 80.22 level, as a positive impetus was already too weak to break the monthly R2 level, therefore the price experienced a correction and currently is traded at 79.68, where 200-day SMA goes. So, if the price settle above this line, it is very possible to see a further price appreciation.

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