Our preference: SHORT positions below 1914 with targets @ 1885 & 1873.
Alternative scenario: The upside penetration of 1914 will call for a rebound towards 1927 & 1939.
Comment: the RSI is bearish and calls for further decline.
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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Our pivot point is at 3.47. Our preference: as long as 3.47 is support look for 4.22. Alternative scenario: the downside breakout of 3....
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Pivot: 0.825 Our preference: Short positions below 0.825 with targets @ 0.82 7 0.8175 in extension. Alternative scenario: Above 0.825 lo...
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Pivot: 102.45 Our preference: Long positions above 102.45 with targets@ 103.05 & 103.35 in extension. Alternative scenario: Below 1...
