Pivot: 1.6070.
Our preference: SHORT positions below 1.607 with 1.602 & 1.6 in sight.
Alternative scenario: The upside penetration of 1.607 will call for a rebound towards 1.61 & 1.612.
Comment: the pair has validated a bearish flag.
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 ...
-
AUDUSD reversed nicely lower yesterday and already made a new swing low, which means that pair has now five wave down from 1.0600 high, ca... -
EURGBP is trading sharply higher, now already up around 5.8% since start of January and it seems that current bullish trend will not end a... -
Trend: ST Ltd Downside; MT Range, we have been bearish since 7 MAR 2012 (1.3117). Pivot 1.2750 Our preference: SHORT position below 1....