Tuesday, September 17, 2013

Brent‏ (Nov 13) intraday: the downside prevails.

Pivot: 110.40

Our preference: SHORT positions below 110.4 with 108.75 & 108.25 in sight.

Alternative scenario: The upside penetration of 110.4 will call for a rebound towards 111.3 & 111.95.

Comment: the RSI is capped by a declining trend line.

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 ...