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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Sell Gold (Intraday) at 1680-1682 For 1672-1665. Stop Loss above 1686.
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Elliott Wave Outlook For EURUSD and GBPUSD EURUSD EURUSD finally broke to the upside which was expected after few days of a sideways...
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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....
