USD/CHF approaches the 200-day SMA at 0.9448 Dukascopy

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"What we're seeing now is a post-election bounce in the U.S. Dollar. The fiscal cliff will be the near-term focus for markets which will cause jitters"
- Australia & New Zealand Banking Group Ltd. (based on Bloomberg)

Pair's Outlook
Yesterday USD/CHF pair closed next to the weekly R1 level at 0.9461 and this level has stopped the price increase, at least for a current moment. Presently, the price has slightly pulled back and is just on the 200-day SMA level at 0.9448. As the price tries to settle above this moving average line, the RSI indicator on a H4 graph shows a divergence between the price's peak point and the RSI value, which is 61 and close to an overpriced area.

Traders' Sentiment
Bulls reinforced their positions on USD/CHF currency pair, as the amount of long positions increased by 2% to 73% since yesterday. The situation with pending orders spots strong expectations on further increase, since 75% ordered to buy and only 25% to sell the U.S. Dollar.

© Dukascopy Bank SA
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Actual Topics

Thu, 08 Nov 2012 13:41:41 GMT

EUR/AUD maintains bearish outlook

The interim bearish tendency, which started more than a week ago, has successfully managed to continue, as today EUR/AUD experienced another consequent movement downwards, which has managed to breach the weekly S2 at 1.2255, and now the currency couple is heading towards the lower Bollinger band at 1.2183, which is expected to change the direction of the prevailing downtrend, however,

Thu, 08 Nov 2012 08:57:32 GMT

USD/JPY steps even lower

A daily graph shows, that yesterday's candle closed indicating a negative performance, but more important is that the closing point was exactly at the 80.00 level. Accordingly, if today USD/JPY closes below this level, we could say that the price has settled beneath it and is ready to test new support levels. That would be 79.63, the weekly S1, and

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