Wednesday, October 10, 2012

USD/CHF intraday: further advance.

Pivot: 0.932
Our preference: Long positions above 0.932 with targets @ 0.9395 & 0.9415 in extension.
Alternative scenario: Below 0.932 look for further downside with 0.9295 & 0.9265 as targets.
Comment: the RSI is well 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 ...