USD/CHF's outlook: neutral to negative

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Because of the shutdown, the government is spending less and it may not run out of money by Oct 17. So this issue could possibly drag on for nearly a month. I expect the dollar to stay under pressure."
- Minori Uchida, Bank of Tokyo-Mitsubishi UFJ (based on CNBC)

Pair's Outlook

While the U.S. Dollar is ceding ground against the Yen, USD/CHF remains stable between the weekly pivot point and the down-trend support line. Still, if we take a note of the daily and weekly technical indicators, the near-term risks are tilted to the downside, meaning the bearish move started on Sep 6 is likely to be extended through the closest notable levels down to the last year's Feb low at 0.8930.

Traders' Sentiment
The Swiss Franc at the moment is the least popular currency in the SWFX market, being bought in merely 27% of trades in its crosses, whereas the U.S. Dollar is acquired 1.5 times more frequently than it is sold. Respectively, a substantial part (71%) of traders in USD/CHF are holding long positions.
© Dukascopy Bank SA
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Actual Topics

Wed, 02 Oct 2013 15:16:07 GMT

EUR/JPY fails at 133.66

Despite the minor bullish sentiment early in the session yesterday, pair did not manage to advance above the weekly R1.

Wed, 02 Oct 2013 07:06:37 GMT

USD/JPY takes a step back

Following a test of the formidable resistance area formed by the 55 and 100-day SMAs, USD/JPY gave in to the bearish sentiments and as a result, is eroding the 200-day SMA at 97.90.

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