Technical Analysis


Daily Technical Analysis and Forex tips 4th April 2018

Daily Technical Analysis, Market Analysis and Forex tips 4th April 2018 of Euro, US dollar, British pound, Swiss franc, Japanese yen, Canadian dollar and Australian dollar

EUR/USD Intraday: the downside prevails

Our preference for short positions below 1.2280 with targets at 1.2235 & 1.2215 in extension. Alternative scenario is above 1.2280 look for further upside with 1.2315 & 1.2335 as targets.

GBP/USD Intraday: choppy

Our preference is short positions below 1.4090 with targets at 1.4020 & 1.3990 in extension. Alternative scenario is above 1.4090 look for further upside with 1.4130 & 1.4165 as targets.

USD/CHF Intraday: further advance

Our preference long positions above 0.9555 with targets at 0.9605 & 0.9635 in extension. Alternative scenario is below 0.9555 look for further downside with 0.9520 & 0.9500 as targets.

USD/JPY Intraday: further upside

Our preference is long positions above 106.10 with targets at 106.70 & 107.00 in extension. Alternative scenario is below 106.10 look for further downside with 105.90 & 105.65 as targets.

USD/CAD Intraday: the downside prevails

Our preference short positions below 1.2820 with targets at 1.2750 & 1.2725 in extension. Alternative scenario is above 1.2820 look for further upside with 1.2860 & 1.2900 as targets.

AUD/USD Intraday: the bias remains bullish

Our preference long positions above 0.7665 with targets at 0.7710 & 0.7730 in extension. Alternative scenario is below 0.7665 look for further downside with 0.7650 & 0.7625 as targets.