Our preference: LONG positions above 107.8 with 109.75 & 110.7 as next targets.
Alternative scenario: The downside breakout of 107.8 will open the way to 107.3 & 106.4.
Comment: the RSI is above its neutrality area at 50%.
Friday, September 13, 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: 3.49 Our preference: SHORT positions below 3.49 with targets @ 3.445 & 3.43. Alternative scenario: The upside penetration of...
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Pivot: 107.30 Our preference: SHORT positions below 107.3 with targets @ 105.6 & 104.7. Alternative scenario: The upside penetration of ...
