USD/CHF rebounds from 0.8945

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"We expect the Fed taper to continue at a pace of $10 billion per meeting. It is also likely to upgrade its assessment of the economy, although December's new home sales data show a weaker rebound in housing demand than was previously thought."
- Barclays (based on CNBC)

Pair's Outlook

As expected, in view of several significant support levels nearby, the downward pressure alleviated, thereby allowing USD/CHF to turn around. The nearest obstacle is 0.8999/90, implied by the 55-day SMA and the weekly PP. In case the surge extends further, the resistance at 0.9042/32, created in turn by the 20 and 100-day SMAs, will be tested next.

Traders' Sentiment

Many traders exploited the latest decline in greenback's value to place even more bullish on the currency bets—the portion of long positions added another two percentage points to arrive at 72%. Concerning the orders, there is currently no considerable difference between the buy (49%) and sell (51%) ones.
© Dukascopy Bank SA
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Actual Topics

Tue, 28 Jan 2014 16:11:58 GMT

EUR/JPY fails to gain pace

Despite a strong bounce form the 2009 high a few days ago, pair failed to gain pace and continues to face high downside risk.

Tue, 28 Jan 2014 07:35:52 GMT

USD/JPY hesitates at 102.90/78

Even though USD/JPY returned back to the monthly S1 and a substantial part of the technical indicators remain bullish, the pair seems to be lacking upward momentum in order to gain a foothold above 102.90/78.

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