Wednesday, October 3, 2012

NZD/USD intraday: the downside prevails.


Pivot: 0.8275
Our preference: Short positions below 0.8275 with targets @ 0.8185 & 0.8165 in extension.
Alternative scenario: Above 0.8275 look for further upside with 0.8335 & 0.8355 as targets.
Comment: the break below 0.8275 is a negative signal that has opened a path to 0.8185.

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 ...