Our preference: LONG positions above 22.25 with 23.3 & 23.6 in sight.
Alternative scenario: The downside breakout of 22.25 will open the way to 21.7 & 21.25.
Comment: the RSI has just landed on a support around 30% and is reversing up.
Thursday, August 22, 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 ...
-
EURGBP is trading sharply higher, now already up around 5.8% since start of January and it seems that current bullish trend will not end a... -
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... -
S&P 500 is trading nicely higher for the past few weeks, clearly in impulsive fashion form 1400 swing level. However market is approachi...