Our preference: SHORT positions below 110.7 with targets @ 108.3 & 107.4.
Alternative scenario: The upside penetration of 110.7 will call for 112.2 & 114.
Comment: the RSI is bearish and calls for further downside.
Thursday, August 29, 2013
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 ...
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Our pivot point is at 3.47. Our preference: as long as 3.47 is support look for 4.22. Alternative scenario: the downside breakout of 3....
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Pivot: 0.825 Our preference: Short positions below 0.825 with targets @ 0.82 7 0.8175 in extension. Alternative scenario: Above 0.825 lo...
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Pivot: 21.45 Our preference: SHORT positions below 21.45 with targets @ 20.6 & 20.35. Alternative scenario: The upside penetration of 21...
