Our preference: SHORT positions below 13800 with 13650 & 13500 in sight.
Alternative scenario: The upside penetration of 13800 will call for 13940 & 14010.
Comment: as long as 13800 is resistance, look for choppy price action with a bearish bias.
Wednesday, September 4, 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 ...
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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 ... -
At the start of January we discussed about two possibles with members regarding the pattern on Dollar Index in wave (B) position; we menti...
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EURGBP is trading sharply higher, now already up around 5.8% since start of January and it seems that current bullish trend will not end a...
