Tuesday, September 11, 2012

USD/CHF intraday: under pressure.


Pivot: 0.95.

Our Preference: SHORT positions below 0.95 with 0.943 & 0.94 as next targets.

Alternative scenario: The upside penetration of 0.95 will call for 0.952 & 0.956.

Comment: the pair is rebounding but stands below its resistance.
Pivot: 0.95.
Our preference: SHORT positions below 0.95 with 0.943 & 0.94 as next targets.
Alternative scenario: The upside penetration of 0.95 will call for 0.952 & 0.956.
Comment: the pair is rebounding but stands below its resistance.

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 ...