Thursday, October 11, 2012

USD/CHF intraday: limited upside.

Pivot: 0.936
Our preference: Long positions above 0.936 with targets @ 0.944 & 0.947 in extension.
Alternative scenario: Below 0.936 look for further downside with 0.932 7 0.9295 as targets.
Comment: the next resistances are at 0.944 and then at 0.947.


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 ...