USD/CHF to make a pit stop in between 0.9596 and 0.9692

Note: This section contains information in English only.
Source: Dukascopy Bank
© Dukascopy Bank
"Selling pressure has been strong. It's from dollar-buying amid the risk-aversion"
- Resona Bank (based on WSJ)

Pair's Outlook

USD/CHF carries on ignoring all the obstacles on its way upwards, implying attainment of even higher levels in near future. Nonetheless, it should soon start another bearish correction, presumably in the vicinity of 0.9596 or 0.9692, before adding to gains. At the same time intermediate support is at 0.9507, which is reinforced by 0.9466 and thus unlikely to give in easily in case of a dip.

Traders' Sentiment
Despite the Swiss Franc being the least bought currency in SWFX marketplace at the moment, only 47% of positions opened on USD/CHF are bullish. Consequently, 53% of traders currently stay bearish on the pair, while 45% of orders placed within 200 pips from the current price are to acquire the US Dollar and 55% of them are to sell it against the Swissie.

© Dukascopy Bank
Back to articles

Actual Topics

Fri, 25 May 2012 18:08:51 GMT

NZD/USD bearish movement halts after approaching 0.7458

NZD/USD bounced of the 0.7445/80 zone on easing worries over the Euro zone prospects after the EU members backed common EU bonds. For now, the bearish momentum remains strong, thus NZD/USD might test 0.7458 (Weekly S1) before diving further. Support levels at 0.7417 (Lower Bollinger band) and 0.7369 (November 2011 low) are going to be the next targets for bears.

Fri, 25 May 2012 07:39:55 GMT

EUR/USD is consolidating near 1.2509

EUR/USD has stalled near 1.2509 and is currently attempting to recover, as a result we may observe a shallow rally, which should be capped by 1.2640/42. Accordingly, we expect the major bearish trend to persist, being that almost all of the daily indicators imply continuation of a fall. After 1.2509 is breached, the dip may extend down to 1.2377, although

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.