Friday, September 21, 2012

USD/CHF intraday: bullish bias above 0.93


Pivot: 0.93.
Our Preference: LONG positions above 0.93 with 0.9355 & 0.937 in sight.
Alternative scenario: The downside penetration of 0.93 will call for 0.9245 & 0.9225.
Comment: the break above the resistance at 0.93triggered an upward acceleration to 0.9355.

By at

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 ...