USD/CHF hovers at weekly S1

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The dollar has been very sensitive to the U.S. data. Clearly if the data gets better, QE will likely be reduced, if the data gets worse, QE could be increased, so that is the number-one story driving the markets." 
- Westpac Banking Corp. (based on MarketWatch)

Pair's Outlook

Bullish sentiments have failed lately, since the U.S. Dollar depreciates precipitously, breaking through major supports. The price touched the weekly R1 at 0.9773 three days ago and that was the last bullish move. Today USD/CHF tests the weekly S1 at 0.9525 and most probably will continue its trip south with the closest resistance at 0.9485, where the monthly R1 intersects the Bollinger band and 55-day SMA.

Traders' Sentiment
Even though the price is falling rapidly, bears continue to hold a 61% share of positions in the market. Pending orders segment is bullish with 58% of orders waiting to buy the buck against the Swiss Franc.
© Dukascopy Bank SA
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Actual Topics

Fri, 31 May 2013 15:44:11 GMT

EUR/JPY gravitates towards 131.15

For now EUR/JPY manages to hang above the April high, but there is a substantial risk of the currency pair failing to find sufficiently strong support not to fall down to 127.73/65, a February high.

Fri, 31 May 2013 07:31:16 GMT

USD/JPY approaches monthly R1

The pair is on the decline for a second week, as the price retreated from a 104 benchmark to a 100.62 is to face the resistance around a 100.44 level, where currently the Bollinger band is located.

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