Friday, September 28, 2012

GBP/USD intraday: further advance.


Pivot: 1.6210.
Our preference: LONG positions above 1.621 with 1.628 & 1.6305 as next targets.
Alternative scenario: The downside penetration of 1.621 will call for 1.617 & 1.613.
Comment: the pair has validated a bullish flag and should post further advance.

By at

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 ...

  • China data signal further room to tighten policy
    HONG KONG (MarketWatch) — China's consumer inflation accelerated in March to its fastest rate in almost three years, slightly ahead of e...
  • Commodity Trading 101
    1.1 - Why is Buying Low & Selling High So Elusive? The objective is simple and seems so easy to achieve - - buy low and sell high, or se...
  • Chinese data raise concerns of slowdown
    HONG KONG (MarketWatch) — Chinese economic data released Wednesday showed consumer inflation moderated slightly in April, though remaining a...