Daily Technical Analysis and Forex tips 12 September 2016

Daily Technical Analysis and Forex tips 12 September 2016
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Technical Analysis and Forex tips 12th September 2016 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: the downside prevails

Our preference for short positions below 1.1285 with targets at 1.1195 & 1.1170 in extension. Alternative scenario is above 1.1285 look for further upside with 1.1325 & 1.1365 as targets.

GBP/USD Intraday: capped by a negative trend line

Our preference is short positions below 1.3330 with targets at 1.3215 & 1.3160 in extension. Alternative scenario is above 1.3330 look for further upside with 1.3370 & 1.3395 as targets.

USD/CHF Intraday: the upside prevails

Our preference long positions above 0.9725 with targets at 0.9780 & 0.9810 in extension. Alternative scenario is below 0.9725 look for further downside with 0.9705 & 0.9680 as targets.

USD/JPY Intraday: bullish bias above 101.95

Our preference is long positions above 101.95 with targets at 103.05 & 103.45 in extension. Alternative scenario is below 101.95 look for further downside with 101.45 & 101.15 as targets.

USD/CAD Intraday: further upside

Our preference long positions above 1.3010 with targets at 1.3115 & 1.3145 in extension. Alternative scenario is below 1.3010 look for further downside with 1.2980 & 1.2935 as targets.

AUD/USD Intraday: under pressure

Our preference short positions below 0.7580 with targets at 0.7495 & 0.7450 in extension. Alternative scenario is above 0.7580 look for further upside with 0.7620 & 0.7655 as targets.

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