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: 0.936 Our preference: Long positions above 0.936 with targets @ 0.944 & 0.947 in extension. Alternative scenario: Below 0.93...
-
Pivot: 0.8215 Our preference: Short positions below 0.8215 with targets @ 0.813 & 0.81 in extension. Alternative scenario: Above 0....
-
Pivot: 1.022 Our preference: Long positions above 1.022 with targets @ 1.0325 & 1.035 in extension. Alternative scenario: Below 1.0...