Our preference: SHORT positions below 114.5 with 112.2 & 111.65 as next targets.
Alternative scenario: The upside breakout of 114.5 will open the way to 115.55 & 116.55.
Comment: the RSI is mixed and calls for caution.
Tuesday, September 10, 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: 82.95 Our preference: LONG positions above 82.95 with targets @ 84.5 & 84.9. Alternative scenario: The downside penetration of 82...
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Pivot: 114.50 Our preference: SHORT positions below 114.5 with 112.2 & 111.65 as next targets. Alternative scenario: The upside breakout...
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Pivot: 2.04 Our preference: Short positions below 2.04 with targets @ 2.005 & 1.975 in extension. Alternative scenario: Above 2.04 lo...
