USD/CHF is inclined to fall

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Most of the trading is on the fact that U.S. lawmakers still need to pass a budget. That will weigh on the dollar to a certain extent."
- OANDA (based on MarketWatch)

Pair's Outlook

The currency pair is presently sliding downwards along the bearish trend-line that connects the troughs charted since Jul 31. In case the tendency persists, USD/CHF will hit the support at 0.9030/03, which in turn is formed by the weekly S1, monthly S2 and also by the Feb low. Nevertheless, the near-term studies suggest this area has a low chance of stopping the decline.

Traders' Sentiment
It appears that the traders, taking into account the recent bearish trajectory of the price, view USD/CHF as oversold and thereby ready to commence a recovery. This explains why 70% of positions at the moment are to benefit from buck's appreciation relative to the Swiss Franc.
© Dukascopy Bank SA
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Actual Topics

Mon, 30 Sep 2013 15:01:18 GMT

EUR/JPY starts with bullish note

Despite the fact that pair started the week significantly lower than the last weeks closing price, it has appreciated since the opening bell.

Mon, 30 Sep 2013 07:01:51 GMT

USD/JPY went under 98.47/25

Considering that USD/JPY is currently facing a number of tough supports after falling through the 55 and 100-day SMAs and this week the pair opened with a sizeable downside gap, there is a good chance the U.S. Dollar will soon start outperforming the Japanese Yen.

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