USD/CHF consolidates below an up-trend line

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Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Investors everywhere are focused on what is happening here related to the 'fiscal cliff' and the risk that nothing will happen"
- Dudack Research Group (based on Reuters)

Pair's Outlook
Despite the fact that USD/CHF pair broke an up-trend line at 0.9274, it still faces difficulties to slip lower. The price retests the up-trend line from the bottom for the third day that seems to be a consolidation before a high time frame impulse. Thus, it is risky to open a position now, and it would be rational to wait for the first movements and a more defined market direction.

Traders' Sentiment
Bearishness of SWFX market sentiments in USD/CHF pair strengthens, as the buy side reduced to 41% and the sell side expanded till 59%. Pending orders segment is totally opposite, as 60% placed orders are buy and 40% are sell.

© Dukascopy Bank SA
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Actual Topics

Wed, 05 Dec 2012 16:33:08 GMT

EUR/JPY becoming range bound

At some point pair was up by 75 pips today, but gave up the pace slightly before the first major resistance at  108.13 and has been range bound between 106.5 and 108 JPY for the past week. Technical indicators suggest pair will step up some more, however, it is rather important that both, on daily and weekly perspective, the Stochastic

Wed, 05 Dec 2012 08:49:56 GMT

USD/JPY breaches the weekly PP at 82.30 again

Last few days losses in USD/JPY pair are almost erased, as the pair surged tonight from the lower Bollinger band and is currently retesting the weekly PP at 82.30. The price has not broken neither the last high nor the last low, so it is possible to see a symmetrical triangle and trade from its boundaries.

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