Wednesday, October 3, 2012

USD/CHF intraday: supported by a rising trend line.


Pivot: 0.93.
Our preference: LONG positions above 0.934 with targets @ 0.9395 & 0.9415.
Alternative scenario: The downside penetration of 0.934 will call for a slide towards 0.928 & 0.925.
Comment: the pair is supported by a rising trend line currently around 0.934.

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 ...