Monday, July 30, 2012

USD/CAD intraday: capped by a negative trend line.

Pivot: 1.007
Most Probable Scenario: Short Positions below 1.007 with targets @ 1.002 & 0.9985 in extension
Alternative Scenario: Above 1.007 look for further upside with 1.044 & 1.0165 as targets.
Comment: technically, the RSI is below its neutrality area at 50.

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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 ...

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