Friday, September 28, 2012

EUR/RON intraday: the upside prevails as long as 4.516 is support


Our pivot point is at 4.516.
Our preference: the upside prevails as long as 4.516 is support.
Alternative scenario: the downside breakout of 4.516 would call for 4.513 and 4.512.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs ( respectively at 4.5184 and 4.5158).

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 ...