Tuesday, October 2, 2012

NZD/USD intraday: under pressure.


Pivot: 0.8325
Our preference: Short positions below 0.8325 with targets @ 0.825 & 0.822 in extension.
Alternative scenario: Above 0.8325 look for further upside with 0.8355 & 0.838 as targets.
Comment: as long as 0.8325 is resistance, look for choppy price action with a bearish bias.

AUD/USD intraday: key ST resistance at 1.035.


Pivot: 1.035
Our preference: Short positions below 1.035 with targets @ 1.029 & 1.027 in extension.
Alternative scenario: Above 1.035 look for further upside with 1.0405 & 1.043 as targets.
Comment: the break below the support at 1.035 triggered a downward acceleration to 1.027.

USD/CAD intraday: key ST resistance at 0.984.


Pivot: 0.984
Our preference: Short positions below 0.984 with targets @ 0.9775 & 0.976 in extension.
Alternative scenario: Above 0.984 look for further upside with 0.986 & 0.9885 as targets.
Comment: as long as 0.984 is resistance, likely decline to 0.9775.

AUD/USD intraday: key ST resistance at 1.035.

Pivot: 1.35
Our preference: Short positions below 1.035 with targets @ 1.03 & 1.027 in extension.
Alternative scenario: Above 1.035 look for further upside with 1.0405 & 1.043 as targets.
Comment: the break below the support at 1.035 triggered a downward acceleration to 1.

USD/TRY Intraday: intraday support around 1.789.

Pivot: 1.789
Our preference: Long positions above 1.789 with targets @ 1.7995 & 1.803 in extension.
Alternative scenario: Below 1.789 look for further downside with 1.7865 & 1.785 as targets.
Comment: the RSI has broken above a declining trend line.

USD/CAD intraday: key ST resistance at 0.984.


Pivot: 0.984
Our preference: Short positions below 0.984 with targets @ 0.9775 & 0.976 in extension.
Alternative scenario: Above 0.984 look for further upside with 0.986 & 0.9885 as targets.
Comment: as long as 0.984 is resistance, likely decline to 0.9775.

EUR/CHF intraday: consolidation


Pivot: 1.212
Our preference: Short positions below 1.212 with targets @ 1.2075 & 1.206 in extension.
Alternative scenario: Above 1.212 look for further upside with 1.213 & 1.215 as targets.
Comment: as long as 1.212 is resistance, expect a return to 1.2075.

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 ...