Technical Analysis


Daily Technical Analysis and Forex tips 11 October 2016

Explore daily forex research, the powerful analysis and trade ideas solution of US Dollar, Euro, Japanese Yen, British Pound Sterling, Swiss Franc, Canadian Dollar and Australian Dollar. Read forex tips of 11 October 2016

 

EUR/USD Intraday: under pressure

Our preference for short positions below 1.1145 with targets at 1.1100 & 1.1070 in extension. Alternative scenario is above 1.1145 look for further upside with 1.1175 & 1.1200 as targets.

 

GBP/USD Intraday: capped by a negative trend line

Our preference is short positions below 1.2360 with targets at 1.2225 & 1.2120 in extension. Alternative scenario is above 1.2360 look for further upside with 1.2400 & 1.2485 as targets.

 

USD/CHF Intraday: the bias remains bullish

Our preference long positions above 0.9810 with targets at 0.9865 & 0.9885 in extension. Alternative scenario is below 0.9810 look for further downside with 0.9790 & 0.9765 as targets.

 

USD/JPY Intraday: the bias remains bullish

Our preference is long positions above 103.50 with targets at 104.20 & 104.50 in extension. Alternative scenario is below 103.50 look for further downside with 103.05 & 102.75 as targets.

 

USD/CAD Intraday: rebound

Our preference long positions above 1.3135 with targets at 1.3275 & 1.3315 in extension. Alternative scenario is below 1.3135 look for further downside with 1.3105 & 1.3065 as targets.

 

AUD/USD Intraday: under pressure

Our preference long positions short positions below 0.7600 with targets at 0.7530 & 0.7505 in extension. Alternative scenario is above 0.7600 look for further upside with 0.7625 & 0.7645 as targets.