USD/CHF declines from 0.9128/20

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Ongoing improvement in the labor market may prompt the Federal Open Market Committee to take a more aggressive approach in normalizing monetary policy."
- DailyFX (based on Reuters)

Pair's Outlook

As it turns out, the strength of the resistance at 0.9128/20 was underestimated. Due to the supply here USD/CHF slid through the monthly R1 and is now approaching the 100-day SMA. This support, in conjunction with the February low and the 55-day SMA, should be able to stop the decline before the price falls below 0.9021 and then restore the upward momentum of the price.

Traders' Sentiment

SWFX traders carry on building up long positions on USD/CHF—their share added yet another three percentage points and now constitutes 74% of the market. As for the distribution of the buy and sell orders between the levels of 0.9170 and 0.8970, 48% are to buy and 52% are to sell the buck.
© Dukascopy Bank SA
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Actual Topics

Fri, 10 Jan 2014 14:57:42 GMT

EUR/JPY capped by monthly PP

EUR/JPY remains contained between the resistance at 143.25/142.91 and the support at 141.34, meaning that the currency pair is likely to stay directionless in the nearest future.

Fri, 10 Jan 2014 07:38:09 GMT

USD/JPY stalls at 104.92/71

The currency couple still lacks bullish momentum in order to overcome the up-trend resistance line, thus increasing a possibility of yet another bearish correction.

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