Wednesday, September 5, 2012

USD/BRL intraday: bullish bias above 2.02.



Pivot: 2.02 
Our preference: Long positions above 2.02 with targets @2.06 & 2.075 n extension.
Alternative scenario: Below 2.02 look for further downside with 2.005 & 1.975 as targets.
Comment: the RSI is mixed to bullish.

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 ...