Wednesday, September 11, 2013

Nickel‏ (LME) intraday: under pressure.

Pivot: 13870.

Our preference: SHORT positions below 13870 with 13660 & 13600 as next targets.

Alternative scenario: The upside penetration of 13870 will call for a rebound towards 14000 & 14080.

Comment: the RSI is below its neutrality area at 50%

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 ...