USD/CHF extends recovery from 0.8821/04

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"A number [of U.S. non-farm payrolls] near consensus would provide more reassurance that the U.S. economy is emerging from its winter freeze and would be sufficient to maintain and extend the USD's gains seen earlier this week."
- BNP Paribas (based on CNBC)

Pair's Outlook

While USD/JPY is hesitant to advance at the moment, USD/CHF is running wild. Despite a variety of studies concentrated near 0.89, including the 2012 lows, 11-month down-trend line, monthly R1 and 100-day SMA, the currency pair continues gaining ground. If the resistance at 0.8937/16 is overcome in the nearest future, the 200-day SMA together with the monthly R2 at 0.9028/13 will most likely be the next target.

Traders' Sentiment

The portion of bulls lost three percentage points, but still an overwhelming majority of traders expect further strengthening of the greenback, specifically 70% of them. The distribution between the buy and sell orders is 58% and 42% respectively.
© Dukascopy Bank SA
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Actual Topics

Fri, 04 Apr 2014 15:05:24 GMT

EUR/JPY touches 142

This week we saw EUR/JPY appreciating; however, today it has lost some of its previous gains and it fell to as low as 142.

Fri, 04 Apr 2014 06:50:51 GMT

EUR/USD pushes through 100-day SMA

As the 55-day SMA failed to underpin the pair, now it is 100-day SMA's turn to try to prevent further depreciation of the Euro.

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