Monday, October 8, 2012

USD/CHF intraday: key ST resistance at 0.935.


Pivot: 0.935
Our preference: Short positions below 0.935 with targets @ 0.9295 & 0.9265 in extension.
Alternative scenario: Above 0.935 look for further upside with 0.9375 & 0.9395 as targets.
Comment: as long as 0.935 is resistance, look for choppy price action with a bearish bias.

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 ...