USD/CHF steps higher from 0.942 level

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"An Ending Diagonal Triangle trading pattern suggests that the two-month rally in the U.S. Dollar Index is poised to end"
- Technical Strategist at Bank of America Merill Lynch (based on Bloomberg)

Pair's Outlook
Yesterday USD/CHF pair settled beneath the 200-day SMA and slipped even lower, touching the weekly S1 and the 20-day SMA, which indicates the middle of Bollinger bands range. Currently, the price steps higher and holds a great likelihood to retest the 200-day SMA at 0.9462 in a daily graph scale, but as it has already broken a short period up-trend and passed the moving average, the pair turned into a bearish trend.

Traders' Sentiment
SWFX market players hold bullish sentiments, since 71% have buy positions and 29% have sell positions. The market still maintains expectations to see new peaks. Placed orders market's situation is very close to the spot market, as 69% ordered for a long position and 31% for a short.

© Dukascopy Bank SA
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Actual Topics

Fri, 16 Nov 2012 16:45:24 GMT

EUR/JPY rebounds from 103.88

After promising rally pair did not manage to step up above 104 JPY mark and ended its rally at 103.88; at the moment pair is hovering at 103.3. For the rest of the trading week not much should influence pair as it has been fluctuating between two technical levels for the whole day and short term technicals give neutral outlook.

Fri, 16 Nov 2012 09:29:15 GMT

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