Daily Technical Analysis and Forex tips 29 August 2016

Daily Technical Analysis and Forex tips 29 August 2016
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Technical Analysis and Forex tips 29 August 2016 that covers latest market news and daily trading signals from experts of the field for US Dollar, Euro, Japanese Yen, British Pound Sterling. Read real time technical analysis overview and Forex signals for the major currency pairs.

EUR/USD Intraday: the downside prevails

Our preference for short positions below 1.1255 with targets at 1.1165 & 1.1145 in extension. Alternative scenario is above 1.1255 look for further upside with 1.1280 & 1.1310 as targets.

GBP/USD Intraday: the downside prevails

Our preference is short positions below 1.3210 with targets at 1.3090 & 1.3030 in extension. Alternative scenario is above 1.3210 look for further upside with 1.3275 & 1.3305 as targets.

USD/CHF Intraday: the bias remains bullish

Our preference long positions above 0.9685 with targets at 0.9805 & 0.9845 in extension. Alternative scenario is below 0.9685 look for further downside with 0.9650 & 0.9620 as targets.

USD/JPY Intraday: further upside

Our preference is long positions above 101.30 with targets at 102.50 & 102.80 in extension. Alternative scenario is below 101.30 look for further downside with 100.85 & 100.50 as targets.

USD/CAD Intraday: further advance

Our preference long positions above 1.2915 with targets at 1.3050 & 1.3080 in extension. Alternative scenario is below 1.2915 look for further downside with 1.2880 & 1.2830 as targets.

AUD/USD Intraday: key resistance at 0.7600

Our preference short positions below 0.7600 with targets at 0.7510 & 0.7480 in extension. Alternative scenario is above 0.7600 look for further upside with 0.7645 & 0.7695 as targets.

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