USD/CHF fails to overcome weekly PP

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Many investors had probably expected the dollar to strengthen this year because the U.S. economy looked in better shape than others. But their positioning has probably been damaged by the Ukraine crisis and poor economic data due to bad weather."
- Sumitomo Mitsui Trust Bank (based on CNBC)

Pair's Outlook

USD/CHF stays below the weekly pivot point despite several attempts to breach it, whereas initially we were expecting a test of the support at 0.87 to lead to a swift rally towards the down-trend at 0.88 and a subsequent break-out to the upside. Accordingly, there is a good chance the pair will soon once again approach the falling trend-line at 0.87.

Traders' Sentiment

An overwhelming majority of SWFX traders believe the U.S. Dollar is going to appreciate relative to the Swiss Franc, which is evidenced by a considerably larger number of long positions (74%) as compared to the number of short ones (26%). Meanwhile, the percentage of buy orders dropped from 75% to 64%.
© Dukascopy Bank SA
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Actual Topics

Wed, 19 Mar 2014 15:57:35 GMT

EUR/JPY consolidating around 141 JPY

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