Our preference: SHORT positions below 110.4 with 108.75 & 108.25 in sight.
Alternative scenario: The upside penetration of 110.4 will call for a rebound towards 111.3 & 111.95.
Comment: the RSI is capped by a declining trend line.
Tuesday, September 17, 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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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... -
Pivot: 1830 Our preference: Short positions below 1830 with targets @ 1767 & 1745 in extension. Alternative scenario: Above 1830 lo...
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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...
