USD/CHF edges lower

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"We should start to see now further evidence that we've had a bottom on the growth profile, and we should see an improvement in China's PMI. It would probably be a negative for the U.S. dollar"
- Westpac Banking Corp. (based on Bloomberg)

Pair's Outlook
USD/CHF pair yesterday accomplished a small correction from touching the 55-day SMA at 0.9374 and pulling back till 0.9300. However, the price settled above the 20-day SMA and currently tries to overcome it. If this is successful, the price will depreciate till 0.9276, where the weekly S1 and historical levels go.

Traders' Sentiment
Two thirds of traders in SWF markets have bullish sentiments for this pair, as 71% investor keep a long position and 29% have a short. Spot market expectations are supported by pending orders segment, as 65% have placed a buy order and 35% a short.

© Dukascopy Bank SA
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Actual Topics

Wed, 31 Oct 2012 16:31:16 GMT

EUR/JPY sets eyes on 104 JPY

After bouncing from 102.20 pair is continuing its rally. On the way it breached weekly pivot and now set eyes on 104/104.11 area. Technical ideas support the idea that pair should advance further but it is highly unlikely it will stay above 104 JPY for a long time.

Wed, 31 Oct 2012 08:18:03 GMT

USD/JPY tests 200-day SMA at 79.61 Dukascopy

As yesterday USD/JPY pair experienced a spike down after the Japanese central bank decision on easing policy, the price has retreated and closed just above the 200-day SMA level. Today the prices continues decrease and approaches same level at 79.61. If this movement is successful, than we might expect a further price decrease and 79.07/12 level testing.

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