Technical Analysis


Daily Technical Analysis and Forex tips 24 October 2017

Daily Technical Analysis, Market Analysis and Forex tips 24 October 2017 of Euro, US dollar, British pound, Swiss franc, Japanese yen, Canadian dollar and Australian dollar

EUR/USD Intraday: consolidation

Our preference for short positions below 1.1775 with targets at 1.1730 & 1.1710 in extension. Alternative scenario is above 1.1775 look for further upside with 1.1800 & 1.1820 as targets.

GBP/USD Intraday: under pressure

Our preference is short positions below 1.3230 with targets at 1.3155 & 1.3125 in extension. Alternative scenario is above 1.3230 look for further upside with 1.3260 & 1.3290 as targets.

USD/CHF Intraday: the upside prevails

Our preference long positions above 0.9830 with targets at 0.9880 & 0.9900 in extension. Alternative scenario is below 0.9830 look for further downside with 0.9795 & 0.9770 as targets.

USD/JPY Intraday: caution

Our preference is short positions below 113.75 with targets at 113.10 & 112.70 in extension. Alternative scenario is above 113.75 look for further upside with 114.10 & 114.30 as targets.

USD/CAD Intraday: further advance

Our preference long positions above 1.2610 with targets at 1.2700 & 1.2730 in extension. Alternative scenario is below 1.2610 look for further downside with 1.2555 & 1.2520 as targets.

AUD/USD Intraday: under pressure

Our preference short positions below 0.7825 with targets at 0.7765 & 0.7745 in extension. Alternative scenario is above 0.7825 look for further upside with 0.7855 & 0.7885 as targets.