USD/CHF closes in on 0.9367

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The U.S. and European data offered evidence of an improving global economy, although they were not enough to provide a clear direction for the market, it will be enough to give it a push."
- SK Securities (based on CNBC)

Pair's Outlook

USD/CHF is moving en route to a formidable resistance area at an accelerated pace, effortlessly piercing through the near-term levels. However, violation of the 200-day SMA at 0.9367 will not be as easy, taking into account there is the 55-day SMA as well. In addition, nearby lies another resistance area, formed by the 100-day SMA, monthly PP and weekly R2.

Traders' Sentiment
Three out of four open positions on USD/CHF in the SWFX marketplace are the long ones, meaning that an absolute majority of traders consider the U.S. Dollar as bullish relative to the Swiss Franc, although on average in all USD crosses this percentage is a bit more modest—62%.
© Dukascopy Bank SA
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Actual Topics

Wed, 14 Aug 2013 14:57:29 GMT

EUR/JPY settles above 100-day SMA

Although we initially were expecting the 55 and 100-day SMAs to contain the rally initiated at 127.86, the currency pair seems to preserve the upward inertia and is advancing further.

Wed, 14 Aug 2013 06:25:22 GMT

USD/JPY attacks 98.40/05

The downside risk did not materialise and the currency couple maintains its course north, towards the nearest resistance at 98.40/05.

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