Daily Technical Analysis, Market Analysis and Forex tips 24 October 2017 of Euro, US dollar, British pound, Swiss franc, Japanese yen, Canadian dollar and Australian dollar
EUR/USD Intraday: consolidation
Our preference for short positions below 1.1775 with targets at 1.1730 & 1.1710 in extension. Alternative scenario is above 1.1775 look for further upside with 1.1800 & 1.1820 as targets.
GBP/USD Intraday: under pressure
Our preference is short positions below 1.3230 with targets at 1.3155 & 1.3125 in extension. Alternative scenario is above 1.3230 look for further upside with 1.3260 & 1.3290 as targets.
USD/CHF Intraday: the upside prevails
Our preference long positions above 0.9830 with targets at 0.9880 & 0.9900 in extension. Alternative scenario is below 0.9830 look for further downside with 0.9795 & 0.9770 as targets.
USD/JPY Intraday: caution
Our preference is short positions below 113.75 with targets at 113.10 & 112.70 in extension. Alternative scenario is above 113.75 look for further upside with 114.10 & 114.30 as targets.
USD/CAD Intraday: further advance
Our preference long positions above 1.2610 with targets at 1.2700 & 1.2730 in extension. Alternative scenario is below 1.2610 look for further downside with 1.2555 & 1.2520 as targets.
AUD/USD Intraday: under pressure
Our preference short positions below 0.7825 with targets at 0.7765 & 0.7745 in extension. Alternative scenario is above 0.7825 look for further upside with 0.7855 & 0.7885 as targets.
