Monday, September 24, 2012

USD/TRY Intraday: choppy.


Pivot: 1.803
Our preference: Short positions below 1.803 with targets @ 1.79 & 1.7885 in extension.
Alternative scenario: Above 1.803 look for further upside with 1.809 7 1.8135 as targets.
Comment: as long as 1.803 is resistance, look for choppy price action with a bearish bias.

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 ...