Monday, October 4, 2010

Market Topping Out

ALL commodities price are are topping out it recent highs. All price are below pivot points now on today's trading range.

There are can be two cases either market is taking profit and will gain further from tomorrow or it is the first day of down fall and it has not show real downward movement ,,,,,,,,,,which is the true ?

We believe that it depends on currency value,

Buy traders need to justify themselves the correct buy price !!! If you want to buy why buy when market is falling once,,,,,,,,,look at the ground of movement......

USDCHF Technical Analysis - Sell at 0.9955

USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...