Tuesday, September 11, 2012

USD/CHF intraday: under pressure.


Pivot: 0.948
Our preference: Short positions below 0.948 with targets @ 0.94 & 0.936 in extension.
Alternative scenario: Above 0.948 look for further upside with 0.952 & 0.956 as targets.
Comment: the pair has broken below its support 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 ...