Monday, September 10, 2012

USD/CAD intraday: the downside prevails.


Pivot: 0.9785
Our preference: Short positions below 0.9785 with targets @ 0.976 & 0.9735 in extension.
Alternative scenario: Above 0.9785 look for further upside with 0.981 & 0.9835 as targets.
Comment: the RSI is bearish and calls for further downside.

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 ...