Thursday, September 27, 2012

EUR/NOK intraday: rebound


Our pivot point is at 7.397.
Our preference: rebound.
 Alternative scenario: below 7.397, expect 7.389 and 7.383.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the pair is trading above its 20 MA (7.3969) but under its 50 MA (7.4193).

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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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