Senin, 24 September 2012

EUR/USD intraday: key ST resistance at 1.3

Pivot : 1.3000.

Our preference : SHORT positions @ 1.299 with 1.292 & 1.2885 in sight.

Alternative scenario : The upside breakout of 1.3 will open the way to 1.3045 & 1.307.

Comment : the pair remains under pressure and is challenging its support.

USD/CAD intraday: bullish bias above 0.9725.

Pivot : 0.9725

Our preference : Long positions above 0.9725 with targets @ 0.9815 & 0.9835 in extension.

Alternative scenario : Below 0.9725 look for further downside with 0.969 & 0.966 as targets.

Comment : technically, the RSI is above its neutrality area at 50.

Pivot : 78.35.

Our preference : SHORT positions @ 78.3 with 77.95 & 77.7 in sight.

Alternative scenario : The upside penetration of 78.35 will call for 78.5 & 78.75.

Comment : the pair stands below its new resistance and remains under pressure.

Pivot : 1.047

Our preference : Short positions below 1.047 with targets @ 1.039 & 1.0365 in extension.

Alternative scenario : Above 1.047 look for further upside with 1.05 & 1.053 as targets.

Comment : the RSI is mixed to bearish.

Pivot : 1.6250.

Our preference : SHORT positions @ 1.624 with 1.6195 & 1.616 as next targets.

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

Comment : the pair is under pressure and is challenging its intermediary support.

Pivot : 102

Our preference : Short @ 101.93 with targets @ 100.8 & 100.55 in extension.

Alternative scenario : Above 102 look for further upside with 102.5 & 103.05 as targets.

Comment : the pair remains on the downside and is challenging its previous low.