Thursday, October 11, 2012

USD/CAD intraday: caution.


Pivot: 0.9795
Our preference: Long positions above 0.9795 with targets @ 0.984 & 0.9855 in extension.
Alternative scenario: Below 0.9795 look for further downside with 0.977 & 0.9745 as targets.
Comment: intraday technical indicators are mixed and call for caution.

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 ...