Daily Technical Analysis and Forex tips 2 August 2016

Daily Technical Analysis, Market Analysis and Forex tips 2 August 2016 of Euro, US dollar, British pound, Swiss franc, Japanese yen, Canadian dollar and Australian dollar

EUR/USD Intraday: intraday support around 1.1150

Our preference for long positions above 1.1150 with targets at 1.1200 & 1.1235 in extension. Alternative scenario is below 1.1150 look for further downside with 1.1120 & 1.1100 as targets.

GBP/USD Intraday: key resistance at 1.3220

Our preference is short positions below 1.3220 with targets at 1.3150 & 1.3115 in extension. Alternative scenario is above 1.3220 look for further upside with 1.3270 & 1.3300 as targets.

USD/CHF Intraday: the downside prevails

Our preference short positions below 0.9715 with targets at 0.9635 & 0.9590 in extension. Alternative scenario is above 0.9715 look for further upside with 0.9765 & 0.9825 as targets.

USD/JPY Intraday: under pressure

Our preference is short positions below 103.10 with targets at 102.00 & 101.50 in extension. Alternative scenario is above 103.10 look for further upside with 103.95 & 104.60 as targets.

USD/CAD Intraday: the upside prevails

Our preference long positions above 1.3060 with targets at 1.3150 & 1.3190 in extension. Alternative scenario is below 1.3060 look for further downside with 1.3025 & 1.3000 as targets.

AUD/USD Intraday: under pressure

Our preference long positions short positions below 0.7575 with targets at 0.7490 & 0.7455 in extension. Alternative scenario is above 0.7575 look for further upside with 0.7620 & 0.7645 as targets.

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