Tuesday, September 10, 2013

Nickel‏ (LME) intraday: the downside prevails.

Pivot: 14000.

Our preference: SHORT positions below 14000 with 13750 & 13600 in sight.

Alternative scenario: The upside penetration of 14000 will call for a rebound towards 14080 & 14280.

Comment: the RSI broke below a rising trend line.

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 ...