Wednesday, September 12, 2012

USD/CAD intraday: under pressure.


Comment: the pair remains within a bearish channel.
Pivot: 0.976
Our preference: Short positions below 0.976 with targets @ 0.9705 & 0.9675 in extension.
Alternative scenario: Above 0.976 look for further upside with 0.9785 & 0.981 as targets.
Comment: the pair remains with in a bearish channel.

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 ...