Daily Technical Analysis and Forex tips 25th February 2019

Daily Technical Analysis and Forex tips 25th February 2019
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Read daily market analysis, Fx news, Forex tips and technical analysis of US Dollar, Euro, Japanese Yen, British Pound Sterling, Swiss Franc, Canadian Dollar and Australian Dollar of 25th February 2019.

EUR/USD Intraday: the bias remains bullish

Our preference is for long positions above 1.1335 with targets at 1.1370 & 1.1390 in extension. Alternative scenario is below 1.1335 look for further downside with 1.1320 & 1.1300 as targets. Possible bullish price movement towards the resistance 1.1383 within the next 4 hours.

GBP/USD Intraday: the upside prevails

Our preference is for long positions above 1.3050 with targets at 1.3100 & 1.3125 in extension. Alternative scenario is below 1.3050 look for further downside with 1.3030 & 1.3000 as targets. Possible bullish price movement towards the resistance 1.3112 within the next 4 hours.

USD/CHF Intraday: rebound

Our preference is for long positions above 0.9980 with targets at 1.0020 & 1.0040 in extension. Alternative scenario is below 0.9980 look for further downside with 0.9960 & 0.9935 as targets. Possible bearish price movement towards the support 0.9968 within the next 4 hours.

USD/JPY Intraday: continuation of the rebound

Our preference is for long positions above 110.55 with targets at 110.90 & 111.10 in extension. Alternative scenario is below 110.55 look for further downside with 110.40 & 110.25 as targets. Channel Down identified at 25-Feb-11:00 2019 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 110.9100 within the next 23 hours.

USD/CAD Intraday: rebound

Our preference is for long positions above 1.3125 with targets at 1.3200 & 1.3225 in extension. Alternative scenario is below 1.3125 look for further downside with 1.3110 & 1.3085 as targets.

AUD/USD Intraday: further upside

Our preference is for long positions above 0.7145 with targets at 0.7205 & 0.7225 in extension. Alternative scenario is below 0.7145 look for further downside with 0.7130 & 0.7115 as targets. Triangle identified at 22-Feb-15:00 2019 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.7207 within the next 3 days.

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