Thursday, September 6, 2012

USD/CAD intraday: bullish bias above 0.987.


Pivot: 0.987
Our preference:Long positions above 0.987 with targets @0.993 & 0.9945 in extension.
Alternative scenario: Below 0.987 look for further downside with 0.984 & 0.982 as targets.
Comment:technically,the RSI is above its neutrality area at 50.

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 ...