USD/CHF dives below 0.9411/09

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Talk that (the Fed's) QE might end this year seems to be receding somewhat, due to the recent weakness of economic data."
- a trader for a Japanese bank (based on Reuters)

Pair's Outlook

As it turned out, the 55-day SMA provided only a temporary relief, failing to stop the dip and then initiate a recovery. USD/CHF has also penetrated support at 0.9379 and is therefore moving en route to 0.9325/18, location of a formidable support area that consists of the 100 and 200-day SMAs apart from the weekly S1. This zone will have a substantially higher chance of reversing the decline.

Traders' Sentiment
Even though the average frequencies with which the Dollar and the Franc are bought are not that different, 57% and 47% respectively, the sentiment of the SWFX market towards USD/CHF is bearish and is becoming stronger. The part of bears has expanded from 69% yesterday up to 75%.
© Dukascopy Bank SA
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Actual Topics

Tue, 30 Apr 2013 14:40:05 GMT

EUR/JPY remains flat

Since there are no important macro news and the global situation in the markets remains unchanged, EUR/JPY fluctuates in a narrow channel bounded by the major resistance at 127.73 and the 20-day SMA at 128.89.

Tue, 30 Apr 2013 08:28:04 GMT

USD/JPY loses momentum

We did not see an immediate rebound from the bullish trend-line at 97.81, casting doubt on its topicality for the market and thereby on its ability to defend the upward tendency of the currency pair.

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