Wednesday, September 4, 2013

SILVER‏ (Spot) intraday: key ST resistance at 24.5

Pivot: 24.50

Our preference: SHORT positions below 24.5 with 23.35 & 23.05 in sight.

Alternative scenario: The upside penetration of 24.5 will call for a rebound towards 24.7 & 25.1.

Comment: the break below the rising trend line is a negative signal. In addition, the RSI is bearish and calls for further decline.

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 ...