USD/CHF shows signs of recovery

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The yen and the franc are both often considered as safe-haven currencies. The fact that the yen is at a two-decade low against the Swiss franc symbolises how weak the yen is at the moment."
- Bank of Tokyo-Mitsubishi UFJ (based on CNBC)

Pair's Outlook

Just ahead of the monthly pivot point at 0.9053/47 USD/CHF turned around and started a recovery. But the currency pair still needs to settle above the June low and the 100-day SMA before claiming its readiness to rally in the medium-term, also taking into account absence of any backing of a bullish scenario from the technical indicators—they are largely mixed at the moment.

Traders' Sentiment

Regardless of the fact that the greenback increased in value, the positioning of the market participants remained completely unresponsive to these changes. Just as yesterday, right now 73% of positions are long. The percentage of by orders, on the other hand, went up from 65% to 68%.
© Dukascopy Bank SA
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Actual Topics

Tue, 26 Nov 2013 16:15:00 GMT

EUR/JPY stuck at monthly R2

"Any hints on the possibility of a negative deposit rate are worth watching particularly closely after last week's newswire reports suggested this was an option under consideration - probably a more palatable tool than QE for the Governing Council."- BNP Paribas (based on Reuters)Pair's OutlookPair failed to consolidate above the monthly R2 and after looking at short term Stochastic we

Tue, 26 Nov 2013 07:38:39 GMT

USD/JPY's bullishness is challenged by 101.97/80

Although not as confidently as before, but still USD/JPY continues its journey towards the May high at 103.74/67.

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