Pivot: 97.50
Our Preference: Bullish as long as 97.5 is support with targets at 109 and 114.7 in extension.
Alternative Scenario: Below 97.5 eye a drop towards 91.3 and 85.6 in extension.
Comment: the RSI is mixed and calls for caution. Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Stokcs, Metals, Energy, Forex, Crypto
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 ...
-
Pivot: 78.45 Our preference: Short positions below 78.45 with targets @ 78.05 & 77.85 in extension. Alternative scenario: Above 78....
-
Pivot: 92.85 Our preference: SHORT positions below 92.85 with 91.55 & 90.8 as next targets. Alternative scenario: The upside break...
-
USDCAD is higher, but pair could be in final stages of an uptrend in wave (iii) as we can count five waves up from 1.0000 with current fift...