Tuesday, October 9, 2012

USD/CAD intraday: under pressure.


Pivot: 0.977
Our preference: Short positions below 0.977 with targets @ 0.973 & 0.972 in extension.
Alternative scenario: Above 0.977 look for further upside with 0.981 & 0.983 as targets.
Comment: the RSI is badly directed.

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 ...