Technical Analysis


Daily Technical Analysis and Forex tips 19 July 2017

Read market analysis, Fx news, Forex tips and technical analysis of US Dollar, Euro, Japanese Yen, British Pound Sterling, Swiss Franc, Canadian Dollar and Australian Dollar of 19 July 2017

EUR/USD Intraday: under pressure

Our preference for short positions below 1.1545 with targets at 1.1485 & 1.1460 in extension. Alternative scenario is above 1.1545 look for further upside with 1.1585 & 1.1620 as targets.

GBP/USD Intraday: under pressure

Our preference is short positions below 1.3060 with targets at 1.3000 & 1.2950 in extension. Alternative scenario is above 1.3060 look for further upside with 1.3085 & 1.3115 as targets.

USD/CHF Intraday: key resistance at 0.9585

Our preference short positions below 0.9585 with targets at 0.9520 & 0.9485 in extension. Alternative scenario is above 0.9585 look for further upside with 0.9610 & 0.9635 as targets.

USD/JPY Intraday: choppy

Our preference is short positions below 112.20 with targets at 111.50 & 111.20 in extension. Alternative scenario is above 112.20 look for further upside with 112.85 & 113.15 as targets.

USD/CAD Intraday: under pressure

Our preference short positions below 1.2655 with targets at 1.2550 & 1.2490 in extension. Alternative scenario is above 1.2655 look for further upside with 1.2675 & 1.2715 as targets.

AUD/USD Intraday: the upside prevails

Our preference long positions above 0.7900 with targets at 0.7990 & 0.8030 in extension. Alternative scenario is below 0.7900 look for further downside with 0.7865 & 0.7835 as targets.