USD/CHF's rally denied by 0.9344/42

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"For now, we think that job growth [in the USA] will pick up from the previous month but remain weak overall."
- Forex.com (based on MarketWatch)

Pair's Outlook

A strong surge was stopped by the weekly pivot point and the 20-day SMA, and now the currency pair is headed towards some of the lower levels. The initial support is at 0.9327/17, mainly formed by the 100 and 200-day SMA. While the next zone, as it turns out, is located around 0.9266. However, technical indicators do not favour a bearish scenario, they give a weak but nevertheless bullish signal.

Traders' Sentiment
Even more bulls have entered the market, as their share, currently 74%, has moved up by four percentage points, following a sudden surge yesterday. At the same time the gap between the buy (70%) and sell (30%) orders has widened.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 03 May 2013 16:06:05 GMT

EUR/JPY strengthens on U.S. labour data

Today EUR/JPY appreciates from a 128.00 benchmark on the U.S. unemployment data, which indicated a positive improvement in the U.S. labour market.

Fri, 03 May 2013 07:49:10 GMT

USD/JPY pares recent losses

A similar situation to the current one was observed a month ago, when the price did slip below the up-trend support line, but has subsequently managed to return into the bullish channel.

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.