Our preference: SHORT positions below 104.1 with 100.85 & 99.65 in sight.
Alternative scenario: The upside penetration of 104.1 will call for 105 & 105.6.
Comment: the RSI is bearish and calls for further downside.
Thursday, September 26, 2013
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 ...
-
Pivot: 78.35. Our preference: LONG positions above 78.35 with 78.65 & 78.75 in sight. Alternative scenario: The downside penetrati...
-
Elliott Wave Outlook For EURUSD and GBPUSD EURUSD EURUSD finally broke to the upside which was expected after few days of a sideways...
-
Pound is falling sharply for the past two weeks from 1.6180 Jan 11 swing high. Notice that decline from that high can be easily counted in ...
