Monday, October 15, 2012

USD/CHF intraday: the upside prevails.


Pivot: 0.93.
Our preference: LONG positions above 0.9325 with targets @ 0.939 & 0.941.
Alternative scenario: The downside penetration of 0.9325 will call for a slide towards 0.9295 & 0.927.
Comment: the pair has validated a bullish flag and remains on the upside.

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 ...