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: the break above 0.987 is a positive signal that has opened a path to 0.993.

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 ...