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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Pound is already recovering about we warned you yesterday when we highlighted a five wave fall in wave 3). Notice that current prices are al... -
Pivot: 1830 Our preference: Short positions below 1830 with targets @ 1767 & 1745 in extension. Alternative scenario: Above 1830 lo...
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Buy Natural Gas April around $ 4.0-3.92 Stop Loss Below $ 3.822 Target $ 4.20-$4.44