USD/CHF finds resistance at 0.9484

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"I do not see the U.S. as that safety net. It just can't continue down the road of an infinite expansion of monetary policy"
- Federal Reserve Bank (based on Bloomberg)

Pair's Outlook
As USD/CHF pair made a new high at 0.9512 in the yesterday's morning, it quickly changed its direction and moved down and even closed with a negative performance. Today, the price continues its correction and have already reached the 200-day SMA and the weekly PP at 0.9458. In case this level is breached, the price will have a wide area for further deprecation, since a 0.9459-0.9355 range does not contain any support levels.

Traders' Sentiment
Market participants' sentiments stay constantly bullish, since the buy side has 74% of opened orders and only 26% are sell orders. Pending segment is less segmented, as 66% orders are placed for buy and 34% for sell.

© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 14 Nov 2012 16:40:03 GMT

EUR/JPY undergoes a rally

After dipping to 100.3 yesterday pair bounced and never looked back. At the moment it is hovering supported by 55-day SMA. Although this rally was long anticipated and awaited, but by undergoing it pair almost undoubtedly stepped in to oversold area, as indicated by technical indicators on daily outlook, ant it is likely we will see a bearish correction to

Wed, 14 Nov 2012 08:25:12 GMT

USD/JPY bounces up from the 200-day SMA at 79.45

Yesterday morning USD/JPY pair was reasonably below the 200-day SMA, but after the touch of the lower Bollinger line, the price retreated and closed exactly on the moving average at 79.46. Today, the price faces bullish sentiments and appreciates to 79.71, the weekly PP. The next support level will be the 20-day SMA at 79.86 and after that the currency

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.