Wednesday, September 12, 2012

USD/CHF intraday: under pressure.


Pivot: 0.944

Our preference: Short positions below 0.944 with targets @ 0.936 & 0.933 in extension.

Alternative scenario: Above 0.944 look for further upside with 0.948 & 0.952 as targets.

Comment: the pair stands below its resistance and remains under pressure.
Pivot: 0.944 
Our preference: Short positions below 0.944 with targets @ 0.936 & 0.933 in extension.
Alternative scenario: Above 0.944 look for further upside with 0.948 & 0.952 as targets.
Comment: the pair stands below its resistance and remains under pressure.

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 ...