USD/CHF surges beyond Jun low

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"To put the recent dollar move into context, the [ICE dollar index] has only increased over 2% in a week over the past five years on nine occasions. The result is that the dollar is ripe for a near-term correction, as markets square positions ahead of Friday's payrolls."
- Crédit Agricole (based on MarketWatch)

Pair's Outlook

Yesterday USD/CHF has finally overcome the resistance at 0.9128/07 and is already testing another one at 0.9204/0.9192. The latter area is formed by the weekly/monthly R1 levels and the 100-day SMA, making it also difficult to breach. Nevertheless, the outlook on the currency pair is considered to be bullish, even though weekly and monthly technical indicators are currently showing mixed signals.

Traders' Sentiment
The distribution between the bullish and bearish traders is the same as 24 ago. At the moment 74% of them are holding long positions and the remaining 27% reckon that USD/CHF will move lower from here. Meanwhile, among the orders 58% are to acquire the Dollar.
© Dukascopy Bank SA
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Actual Topics

Fri, 08 Nov 2013 16:24:32 GMT

EUR/JPY bounces of the October low

It seems that the pairs failure at weekly PP/20-day SMA yesterday has been concluded today when it hit weekly S2/monthly S1/October low at 131.28/130.90.

Fri, 08 Nov 2013 07:42:43 GMT

USD/JPY settles below 98.51/33

At first USD/JPY did in fact move north as expected, soaring as high at the monthly R1 at 99.36. Subsequently, however, it was heavily sold-off.

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