Friday, September 14, 2012

USD/CHF intraday: under pressure.


Pivot: 0.94.
Our Preference: SHORT positions below 0.9405 with 0.933 & 0.929 in sight.
Alternative scenario: The upside penetration of 0.9405 will call for 0.944 & 0.948.
Comment: the pair stands below its new resistance and remains on the 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 ...