Thursday, October 11, 2012

NZD/USD intraday: capped by a negative trend line.

Pivot: 0.8215
Our preference: Short positions below 0.8215 with targets @ 0.813 & 0.81 in extension.
Alternative scenario: Above 0.8215 look for further upside with 0.824 & 0.8265 as targets.
Comment: the RSI lacks upward momentum.

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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 ...