Thursday, October 4, 2012

USD/MXN intraday: under pressure.


Pivot: 12.9
Our preference: Short positions below 12.9 with targets @ 12.68 & 12.6 in extension.
Alternative scenario: Above 12.9 look for further upside with 12.95 & 13.05 as targets.
Comment; the RSI is bearish and calls for further decline.

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 ...