Wednesday, October 3, 2012

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


Pivot: 0.934
Our preference: Long positions above 0.934 with targets @ 0.9395 & 0.9415 in extension.
Alternative scenario: Below 0.934 look for further downside with 0.928 & 0.925 as targets.
Comment: a support base at 0.934 has formed and has allowed for a temporary stabilisation.

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 ...