Friday, September 14, 2012

USD/SEK intraday: the downside prevails as long as 6.575 is resistance


Our pivot point stands at 6.575.
Our preference: the downside prevails as long as 6.575 is resistance.
Alternative scenario: the upside breakout of 6.575, would call for 6.587 and 6.594.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs ( respectively at 6.5791  and 6.6007).

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 ...