Our preference: SHORT positions below 1412 with targets @ 1390 & 1384.
Alternative scenario: The upside breakout of 1412 will open the way to 1422 & 1430.
Comment: as long as 1412 is resistance, look for choppy price action with a bearish bias.
Friday, August 30, 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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Pivot: 1342.00 Our preference: SHORT positions below 1342 with 1319 & 1297 in sight. Alternative scenario: The upside breakout of 1342 w...
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Pivot: 1331.00 Our preference: SHORT positions below 1331 with 1297 & 1274 as next targets. Alternative scenario: The upside penetration...
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Pivot: 2128.0 Our preference: SHORT positions below 2128 with targets @ 2100 & 2092. Alternative scenario: The upside penetration of 212...
