USD/CHF hits 0.9096/91

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"With that said, a positive CPI print may spark a bullish reaction in the USD, but the dollar may face a larger decline over the near-term should the data print fall short of market expectations."
- DailyFX (based on CNBC)

Pair's Outlook

Yesterday USD/CHF pierced through a number of levels and reached an important resistance, namely 0.9096/91. Accordingly, the currency pair is now inclined to make a bearish correction, possibly down to the weekly PP and the 100-day SMA, while a deeper retracement is unlikely. Then the U.S. Dollar will be expected to attempt to challenge the 200-day SMA.

Traders' Sentiment

While the distribution between the bullish and bearish SWFX market participants is nearly constant—74% of positions are long and 26% are shorts, there are substantially more buy orders than yesterday—as many as 79% of traders are currently willing to acquire the buck against the Yen.
© Dukascopy Bank SA
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Actual Topics

Thu, 16 Jan 2014 16:45:25 GMT

EUR/JPY lost momentum ahead of monthly PP

EUR/JPY stalled after rallying from the 55-day SMA and hitting the monthly pivot point afterwards, meaning the bearish correction of the up-move started in November may drag on.

Thu, 16 Jan 2014 07:53:32 GMT

EUR/USD returns to up-trend

As expected, the support, created by the weekly PP and the 55-day SMA, proved to be unable to withstand the selling pressure, and the currency pair tripped to the long-term up-trend line.

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