Wednesday, October 3, 2012

USD/TRY Intraday: intraday support around 1.789.

Pivot: 1.789
Our preference: Long positions above 1.789 with targets @ 1.797 & 1.7995 in extension.
Alternative scenario: Below 1.789 look for further downside with 1.7865 & 1.785 as targets.
Comment: a support base at 1.789 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 ...