Technical Analysis


Daily Technical Analysis and Forex tips 7 November 2017

Technical Analysis and Forex tips 7 November 2017 that covers latest market news and daily shares trading signals from experts of the field. Take after the day by day specialized investigations to get an edge in trading in forex.

EUR/USD Intraday: key resistance at 1.1600

Our preference for short positions below 1.1600 with targets at 1.1555 & 1.1530 in extension. Alternative scenario is above 1.1600 look for further upside with 1.1620 & 1.1640 as targets.

GBP/USD Intraday: the downside prevails

Our preference is short positions below 1.3145 with targets at 1.3080 & 1.3040 in extension. Alternative scenario is above 1.3145 look for further upside with 1.3175 & 1.3200 as targets.

USD/CHF Intraday: consolidation in place

Our preference short positions below 1.0020 with targets at 0.9970 & 0.9945 in extension. Alternative scenario is above 1.0020 look for further upside with 1.0040 & 1.0070 as targets.

USD/JPY Intraday: continuation of the rebound

Our preference is long positions above 113.95 with targets at 114.40 & 114.70 in extension. Alternative scenario is below 113.95 look for further downside with 113.65 & 113.30 as targets.

USD/CAD Intraday: continuation of the rebound

Our preference long positions above 1.2750 with targets at 1.2835 & 1.2860 in extension. Alternative scenario is below 1.2750 look for further downside with 1.2720 & 1.2700 as targets.

AUD/USD Intraday: the downside prevails

Our preference short positions below 0.7660 with targets at 0.7600 & 0.7570 in extension. Alternative scenario is above 0.7660 look for further upside with 0.7695 & 0.7710 as targets.