Technical Analysis


Daily Technical Analysis and Forex tips 15 March 2018

Read Daily market analysis, Fx news, Forex tips and technical analysis 15 March 2018 of US Dollar, Euro, Japanese Yen, British Pound Sterling, Swiss Franc, Canadian Dollar and Australian Dollar

EUR/USD Intraday: consolidation

Our preference for short positions below 1.2390 with targets at 1.2345 & 1.2315 in extension. Alternative scenario is above 1.2390 look for further upside with 1.2415 & 1.2445 as targets.

GBP/USD Intraday: key resistance at 1.3995

Our preference is short positions below 1.3995 with targets at 1.3925 & 1.3875 in extension. Alternative scenario is above 1.3995 look for further upside with 1.4030 & 1.4070 as targets.

USD/CHF Intraday: under pressure

Our preference short positions below 0.9480 with targets at 0.9420 & 0.9400 in extension. Alternative scenario is above 0.9480 look for further upside with 0.9505 & 0.9530 as targets.

USD/JPY Intraday: the downside prevails

Our preference is short positions below 106.35 with targets at 105.60 & 105.20 in extension. Alternative scenario is above 106.35 look for further upside with 106.75 & 107.05 as targets.

USD/CAD Intraday: the upside prevails

Our preference long positions above 1.2915 with targets at 1.2975 & 1.3000 in extension. Alternative scenario is below 1.2915 look for further downside with 1.2875 & 1.2830 as targets.

AUD/USD Intraday: turning down

Our preference short positions below 0.7895 with targets at 0.7845 & 0.7830 in extension. Alternative scenario is above 0.7895 look for further upside with 0.7915 & 0.7940 as targets.