Daily Technical Analysis and Forex tips 21 Dec 2015

Daily Technical Analysis and Forex tips 21 Dec 2015
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Our financial experts share their bits of knowledge on key business sector patterns and indicators. Take after the day by day specialized investigations to get an edge in trading in forex.

EUR/USD Intraday, key resistance at 1.0885

Our preference for short positions below 1.0885 with targets at 1.0795 & 1.075 in extension. Alternative scenario is above 1.0885 look for further upside with 1.0915 & 1.095 as targets.

GBP/USD Intraday, the downside prevails

Our preference is short positions below 1.498 with targets at 1.485 & 1.48 in extension. Alternative scenario is above 1.498 look for further upside with 1.5025 & 1.507 as targets.

USD/CHF Intraday is turning down

Our preference short positions below 0.999 with targets at 0.99 & 0.9875 in extension. Alternative scenario is above 0.999 look for further upside with 1.001 & 1.0035 as targets.

USD/JPY Intraday is under pressure

Our preference is short positions below 122.15 with targets at 120.85 & 120.55 in extension. Alternative scenario is above 122.15 look for further upside with 122.6 & 123.05 as targets.

USD/CAD Intraday, the bias remains bullish

Our preference long positions above 1.3845 with targets at 1.399 & 1.404 in extension. Alternative scenario is below 1.3845 look for further downside with 1.377 & 1.3725 as targets.

AUD/USD Intraday, rebound

Our preference long positions above 0.711 with targets at 0.7215 & 0.7235 in extension. Alternative scenario is below 0.711 look for further downside with 0.709 & 0.7065 as targets.

 

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