Daily Technical Analysis and Forex tips 22 August 2016

Daily Technical Analysis and Forex tips 22 August 2016
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Explore daily forex research, the powerful analysis and trade ideas solution of US Dollar, Euro, Japanese Yen, British Pound Sterling, Swiss Franc, Canadian Dollar and Australian Dollar. Read forex tips of 22 August 2016

EUR/USD Intraday: the downside prevails

Our preference for short positions below 1.1330 with targets at 1.1250 & 1.1200 in extension. Alternative scenario is above 1.1330 look for further upside with 1.1365 & 1.1415 as targets.

GBP/USD Intraday: 1.3020 in sight

Our preference is short positions below 1.3125 with targets at 1.3020 & 1.2990 in extension. Alternative scenario is above 1.3125 look for further upside with 1.3175 & 1.3220 as targets.

USD/CHF Intraday: further advance

Our preference long positions above 0.9590 with targets at 0.9680 & 0.9710 in extension. Alternative scenario is below 0.9590 look for further downside with 0.9565 & 0.9530 as targets.

USD/JPY Intraday: the upside prevails

Our preference is long at 100.82 with targets at 101.20 & 101.50 in extension. Alternative scenario is below 100.30 look for further downside with 100.00 & 99.60 as targets.

USD/CAD Intraday: further advance

Our preference long positions above 1.2845 with targets at 1.2935 & 1.2975 in extension. Alternative scenario is below 1.2845 look for further downside with 1.2810 & 1.2790 as targets.

AUD/USD Intraday: the downside prevails

Our preference short positions below 0.7645 with targets at 0.7570 & 0.7545 in extension. Alternative scenario is above 0.7645 look for further upside with 0.7695 & 0.7720 as targets.

 

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