USD/CHF stopped by 0.8975

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"With the Fed having begun the tapering process now, the burden of proof has shifted somewhat - data now has to be just strong enough to keep tapering on track, as opposed to the presumably stronger track record needed to justify a start to the tapering process."
- BNP Paribas (based on CNBC)

Pair's Outlook

Being unable to pierce through the resistance implied by the monthly S1 last week, USD/CHF returned back to 0.8943/29. Even if the currency pair manages to overcome 0.8975 in the near-term, probability of the exchange rate rising beyond 0.9032/21 remains low, since this cluster consists of February low, weekly R1, 55-day SMA and the down-trend resistance that has been in force since the beginning of July.

Traders' Sentiment

In this currency pair the situation is unchanged—an overwhelming majority (71%) of traders are expecting appreciation of the U.S. Dollar relative to the Franc. At the same time, near the spot the market participants are rapidly building up buy orders.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 23 Dec 2013 17:00:47 GMT

EUR/JPY aiming at 143 JPY

Although the pair fails to gain pace, it continues to demonstrate willingness to inch up higher.

Mon, 23 Dec 2013 07:55:36 GMT

USD/JPY dives beneath 104.12

USD/JPY has gained a solid foothold above the May high and is therefore set to advance further.

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.