Wednesday, October 3, 2012

USD/CAD intraday: further advance.


Pivot: 0.984
Our preference: Long positions above 0.984 with targets @ 0.988 & 0.9895 in extension.
Alternative scenario: Below 0.984 look for further downside with 0.9815 & 0.98 as targets.
Comment: the RSI is bullish and calls for further upside;

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 ...