Wednesday, October 3, 2012

USD/CHF intraday: supported by a rising trend line.


Pivot: 0.93.
Our preference: LONG positions above 0.934 with targets @ 0.9395 & 0.9415.
Alternative scenario: The downside penetration of 0.934 will call for a slide towards 0.928 & 0.925.
Comment: the pair is supported by a rising trend line currently around 0.934.

USD/JPY intraday: continuation of the rebound.


Pivot: 78.00.
Our preference: LONG positions above 78 with 78.5 & 78.65 in sight.
Alternative scenario: The downside penetration of 78 will call for a slide towards 77.85 & 77.75.
Comment: the  RSI is bullish and calls for further upside.

GBP/USD intraday: under pressure.


Pivot: 1.6165.
Our preference: SHORT positions below 1.6165 with 1.6065 with 1.6095 as next targets.
Alternative scenario: The upside penetration of 1.6165 will call for 1.6185 & 1.621.
Comment: as long as the resistance at 1.6165 is not surpassed, the risk of the break below 1.6095 remains high.

EUR/USD intraday: bullish bias above 1.2875


Pivot: 1.2875.
Our preference: LONG positions above 1.2875 with 1.2965 & 1.2985 in sight.
Alternative scenario: The downside penetration of 1.2875 will call for a slide towards 1.284 & 1.28.
Comment: a support base at 1.2875 has formed and has allowed for temporary stabilisation.

USD/TRY Intraday: intraday support around 1.789.

Pivot: 1.789
Our preference: Long positions above 1.789 with targets @ 1.797 & 1.7995 in extension.
Alternative scenario: Below 1.789 look for further downside with 1.7865 & 1.785 as targets.
Comment: a support base at 1.789 has formed and has allowed for a temporary stabilisation.


USD/CAD intraday: further advance.


Pivot: 0.982
Our preference: Long positions above 0.982 with targets @ 0.986 & 0.988 in extension.
Alternative scenario: Below 0.982 look for further downside with 0.98 & 0.9775 as targets.
Comment: the next resistances are at 0.986 and then at 0.988.

Tuesday, October 2, 2012

GBP/USD intraday: caution.


Pivot: 1.617
Our preference: Short positions below 1.617 with targets @ 1.6105 & 1.607 in extension.
Alternative scenario: Above 1.617 look for further upside with 1.621 & 1.6245 as targets.
Comment: as long as the resistance at 1.617 is not surpassed, the risk of the break below 1.6105 remains high.

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 ...