Wednesday, September 5, 2012

NZD/USD intraday: key resistance at 0.797.



Pivot: 0.797
Our preference: Short positions below 0.797 with targets @ 0.7915 & 0.79 in extension.
Alternative scenario: Above 0.797 look for further upside with 0.995 & 0.8015 as targets.
Comment: as long as 0.797 is resistance, look for choppy price action with a bearish bias.

USD/JPY intraday: the upside prevails.



Pivot 78.2
Our preference: Long positions above 78.2 with targets @78.55 & 78.65 in extension.
Alternative scenario: Below 78.2 look for further downside with 78.1 &78 as targets.
Comment: the RSI lacks downward momentum.

USD/COP: bullish bias above 1797.



Pivot: 1797
Our preference: long positions above 1797 with targets @ 1847 &1860 in extension.
Alternative scenario: Below 1797 look for further downside with 1767 & 1745 as targets.
Comment: the RSI is mixed to bullish.

USD/BRL intraday: bullish bias above 2.02.



Pivot: 2.02 
Our preference: Long positions above 2.02 with targets @2.06 & 2.075 n extension.
Alternative scenario: Below 2.02 look for further downside with 2.005 & 1.975 as targets.
Comment: the RSI is mixed to bullish.

EUR/MXN intraday: under pressure.



Pivot 16.7
Our preference: Short positions below 16.7 with targets @16.44 & 16.35 in extension.
Alternative scenario: Above 16.7 looks for further upside with 16.83 & 16.9 as targets.
Comment: the pair has broken below its support and remains under pressure.

USD/MXN intraday: under pressure.



Pivot 13.35
our preference: Short positions below 13.35 with targets @ 13.15 & 13.04 in extension.
Alternative scenario: Above 13.35 look for further upside with 13.44 & 13.52 as targets.
comment: the RSI is mixed to bearish.

EUR/CHF intraday: bullish bias above 1.2.


Pivot: 1.2
Our Preference: Long positions above 1.2 with targets @1.203 & 1.205 in extension.
Alternative scenario: Below 1.2 look for further downside with 1.199 & 1,198 as targets.
Comment: a support base at 1.2 has formed and has allowed for a temporary stabilisation.

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 ...