USD/CHF steps back from 100-day SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The moderate pace of growth in the U.S. economy no doubt exacerbated by the budget impasse and lack of progress in the job market may explain why the Fed will continue with the monthly purchases."
- Bank of the West (based on Reuters)

Pair's Outlook

The currency pair failed to climb over the 100-day SMA and the monthly R1 last Friday. Still, as long as it is supported by the Jun low at 0.9128, there is a high probability that a local peak of 0.9249 will be soon surpassed. Then, in order to confirm its long-term bullish intentions, USD/CHF will need to breach the moving average for 200 days, which is currently at 0.9307.

Traders' Sentiment

The bulls preserved their advantage over the bears over the weekend, they continue to take up an overwhelming majority of the market, specifically 71% of it. Moreover, there is a notable difference between the buy (65%) and sell (35%) orders placed on USD/CHF in favour of the former.
© Dukascopy Bank SA
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Actual Topics

Mon, 18 Nov 2013 16:45:12 GMT

EUR/JPY lost momentum at Nov high

The bullish momentum the currency pair gained last week has been completely nullified today by the resistance at 135.64/50, which is created by the November high and the monthly R1.

Mon, 18 Nov 2013 07:31:51 GMT

USD/JPY about the reach Sep high

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