USD/CHF pulls down from 0.9288

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy
"The Dollar Index, which measures the currency against the major peers, ended last week little changed at 79.626, after touching the lowest level since Sept. 18."
- Bloomberg

Pair's Outlook
Last week's USD/CHF pair appreciation was stopped by 0.9288/92 support level and currently price shows a depreciation impetus and retreats back, probably to test the previous bottom. As the price has not reached an important historical support level at 0.9200 and RSI value is still higher than 30, there is a very high probability to see a price decrease.

Traders' Sentiment
SWFX market participants keep bullish sentiments in USD/CHF pair, as 71% traders have a long position and 29% a short. Placed orders figures are very similar, as 69% orders are for a long position and 31% for a short.

© Dukascopy
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Actual Topics

Mon, 22 Oct 2012 15:24:53 GMT

EUR/JPY starts week firmly

Pair started week by receiving a very strong bullish impetus from 103.13/103 area and is currently testing Bollinger band/weekly pivot (R1) after appreciating more than 130 pips today. In the nearest futures pair should slow down the pace, but readings of technical indicators allow us to believe that general trend will persist. 

Mon, 22 Oct 2012 08:14:47 GMT

USD/JPY surges further

Friday trading session showed some consolidation sighs and a pace of appreciation slowed down, but from the very beginning of a new week, USD/JPY continues to surge and have already reached 79.65 price level. Looking from a historical perspective, 79.56/74 zone has always maintained strong resistance levels, therefore there is very likely that USD/JPY will show a stronger correction impetus

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