Daily Technical Analysis and Forex tips 10 May 2016

Daily Technical Analysis and Forex tips 10 May 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 10 May

EUR/USD Intraday: under pressure

Our preference for short positions below 1.1420 with targets at 1.1340 & 1.1310 in extension. Alternative scenario is above 1.1420 look for further upside with 1.1445 & 1.1480 as targets.

GBP/USD Intraday: under pressure

Our preference is short positions below 1.4480 with targets at 1.4365 & 1.4310 in extension. Alternative scenario is above 1.4480 look for further upside with 1.4530 & 1.4575 as targets.

USD/CHF Intraday: further upside

Our preference long positions above 0.9680 with targets at 0.9765 & 0.9795 in extension. Alternative scenario is below 0.9680 look for further downside with 0.9655 & 0.9620 as targets.

USD/JPY Intraday: further advance

Our preference is long positions above 107.95 with targets at 109.25 & 109.90 in extension. Alternative scenario is below 107.95 look for further downside with 107.40 & 107.00 as targets.

USD/CAD Intraday: bullish bias above 1.2900

Our preference long positions above 1.2900 with targets at 1.3020 & 1.3080 in extension. Alternative scenario is below 1.2900 look for further downside with 1.2830 & 1.2780 as targets.

AUD/USD Intraday: under pressure

Our preference short positions below 0.7385 with targets at 0.7295 & 0.7260 in extension. Alternative scenario is above 0.7385 look for further upside with 0.7450 & 0.7515 as targets.

 

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