Our preference: LONG positions above 1398 with 1416 & 1423 as next targets.
Alternative scenario: The downside penetration of 1398 will call for a slide towards 1385 & 1374.
Comment: the RSI lacks downward momentum
Wednesday, September 4, 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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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... -
AUDUSD reversed nicely lower yesterday and already made a new swing low, which means that pair has now five wave down from 1.0600 high, ca...