Our preference: LONG positions above 23.6 with 24.8 & 25.2 in sight.
Alternative scenario: The downside penetration of 23.6 will call for a slide towards 23.3 & 22.85.
Comment: the RSI is negative but supported by a strong support.
Tuesday, August 27, 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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USDJPY is trying to stay with a larger uptrend now after recent reversal down to 95.50 support which appears to be wave iv). Wave iv) f...
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Our pivot point stands at 3.26. Our preference: the upside prevails as long as 3.26 is support. Alternative scenario: below 3.26 , expe...
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Pivot: 0.806 Our preference: Short positions below 0.806 with targets @ 0.801 & 0.799 in extension. Alternative scenario: Above 0.8...
