Selasa, 25 September 2012

EUR/USD intraday: under pressure.

Pivot : 1.2970.

Our preference : SHORT positions @ 1.296 with 1.2885 & 1.2865 as next targets.

Alternative scenario : The upside penetration of 1.297 will call for a rebound towards 1.3 & 1.3045.

Comment : the pair stands below its resistance and remains within a bearish channel.

USD/CAD intraday: bullish bias above 0.9755.

Pivot : 0.9755

Our preference : Long positions above 0.9755 with targets @ 0.9815 & 0.9835 in extension.

Alternative scenario : Below 0.9755 look for further downside with 0.9725 & 0.969 as targets.

Comment : the pair remains on the upside and should reach its next resistance.

Pivot : 78.15.

Our preference : SHORT positions below 78.15 with 77.65 & 77.35 in sight.

Alternative scenario : The upside penetration of 78.15 will call for a rebound towards 78.35 & 78.5.

Comment : the pair remains on the downside and is approaching its support.

Pivot : 1.04

Our preference : Long positions above 1.04 with targets @ 1.047 & 1.05 in extension.

Alternative scenario : Below 1.04 look for further downside with 1.038 & 1.0365 as targets.

Comment : the RSI is bullish and calls for further advance.

Pivot : 1.6250.

Our preference : SHORT positions below 1.625 with 1.6185 & 1.616 in sight.

Alternative scenario : The upside breakout of 1.625 will open the way to 1.627 & 1.631.

Comment : the pair is posting a rebound but stands below its resistance.

Pivot : 101.25

Our preference : Short @ 101.17 with targets @ 100.25 & 100 in extension.

Alternative scenario : Above 101.25 look for further upside with 102 & 102.5 as targets.

Comment : as long as 101.25 is resistance, look for choppy price action with a bearish bias.