Thursday, September 20, 2012

NZD/USD intraday: the downside prevails.


Pivot: 0.8235
Our preference: Short positions below 0.8235 with targets @ 0.8185 & 0.8135 in extension.
Alternative scenario: Above 0.8235 look for further upside with 0.83 & 0.832 as targets.
Comment: the break below 0.8235 is a negative signal that has opened a path to 0.8185.

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 ...