USD/CHF falls through monthly S2

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Some of the panic pushing yields higher has subsided and the dollar has ticked a little bit lower alongside that in a very thin market."
- BMO Capital Markets (based on MarketWatch)

Pair's Outlook

USD/CHF remains on the defensive—it has just closed beneath the monthly S2 and therefore may decline even further. The closest significant support is the weekly S1 at 0.8838/18, but it could allow the dip to extend down to the long-term trend-line at 0.8753, which could be drawn through the peaks and valleys charted since June of 2012, meaning it is a potential reversal point.

Traders' Sentiment

The bullish towards USD/CHF sentiment weakened below the 10-day average—right now 71%, instead of 74% as yesterday, market participants are expecting appreciation of the U.S. Dollar against the Swiss Franc. Speaking of the orders, there are considerably less buy ones—their share plunged from 82% down to 57%.
© Dukascopy Bank SA
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Actual Topics

Tue, 31 Dec 2013 14:21:13 GMT

EUR/JPY suppressed by 145.18/144.97

For the second trading day the currency pair remains contained by the formidable resistance at 145.18/144.97 from above and a slightly weaker support at 144.19 from below.

Tue, 31 Dec 2013 07:34:46 GMT

USD/JPY retreats to 104.92/61

"I think the yen still has quite a bit of weakness still to go."- Richard Harris, Port Shelter Investment Management (based on CNBC)Pair's OutlookProving to be unable to sustain at the moment a rally for straight six trading days USD/JPY underwent a bearish correction yesterday, which already appears to have ended at 104.92/61. Consequently, the price is now ready to

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