Daily Technical Analysis and Forex tips 16 Feb 2016

Daily Technical Analysis and Forex tips 16 Feb 2016
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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 16 Feb

EUR/USD Intraday: under pressure

Our preference for short positions below 1.1210 with targets at 1.1120 & 1.1085 in extension. Alternative scenario is above 1.1210 look for further upside with 1.1260 & 1.1300 as targets.

GBP/USD Intraday: the upside prevails

Our preference is long positions above 1.4380 with targets at 1.4490 & 1.4535 in extension. Alternative scenario is below 1.4380 look for further downside with 1.4350 & 1.4320 as targets.

USD/CHF Intraday: the upside prevails

Our preference long positions above 0.9820 with targets at 0.9900 & 0.9940 in extension. Alternative scenario is below 0.9820 look for further downside with 0.9785 & 0.9750 as targets.

USD/JPY Intraday: caution

Our preference is long positions above 113.70 with targets at 114.90 & 115.25 in extension. Alternative scenario is below 113.70 look for further downside with 113.00 & 112.35 as targets.

USD/CAD Intraday: the upside prevails

Our preference long positions above 1.3705 with targets at 1.3840 & 1.3890 in extension. Alternative scenario is below 1.3705 look for further downside with 1.3650 & 1.3600 as targets.

AUD/USD Intraday: the upside prevails

Our preference long positions above 0.7125 with targets at 0.7200 & 0.7225 in extension. Alternative scenario is below 0.7125 look for further downside with 0.7095 & 0.7060 as targets.

 

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