Thursday, September 20, 2012

USD/CHF intraday: caution.


Pivot: 0.93.
Our preference: SHORT positions below 0.93 with targets @ 0.9245 & 0.9225.
Alternative scenario: The upside penetration of 0.93 will call for 0.9335 & 0.937.
Comment: as long as 0.93 is resistance, look for choppy price action with a bearish bias.

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...