Thursday, September 27, 2012

USD/CHF intraday: bullish bias above 0.935.


Pivot: 0.935
Our preference: Long positions above 0.935 with targets @ 0.942 & 0.943 in extension.
Alternative scenario: Below 0.935 look for further downside with 0.932 & 0.93 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

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 ...