Daily Technical Analysis and Forex tips 29 Dec 2015

Daily Technical Analysis and Forex tips 29 Dec 2015
Daily Technical Analysis and Forex tips 29 Dec 2015
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Explore daily forex research, the powerful analysis and trade ideas solution that will help you improve your results. Read real time technical analysis overview and Forex signals for the major currency pairs.

EUR/USD Intraday: under pressure

Our preference for short positions below 1.096 with targets at 1.09 & 1.0865 in extension. Alternative scenario is above 1.096 look for further upside with 1.099 & 1.101 as targets.

GBP/USD Intraday: under pressure

Our preference is short positions below 1.487 with targets at 1.476 & 1.471 in extension. Alternative scenario isabove 1.487 look for further upside with 1.4915 & 1.4945 as targets.

USD/CHF Intraday: the upside prevails

Our preference long positions above 0.989 with targets at 0.9945 & 0.997 in extension. Alternative scenario is below 0.989 look for further downside with 0.985 & 0.983 as targets.

USD/JPY Intraday: under pressure

Our preference is short positions below 120.75 with targets at 120 & 119.8 in extension. Alternative scenario is above 120.75 look for further upside with 121 & 121.3 as targets.

USD/CAD Intraday: under pressure

Our preference short positions below 1.391 with targets at 1.383 & 1.38 in extension. Alternative scenario is above 1.391 look for further upside with 1.395 & 1.3995 as targets.

AUD/USD Intraday: bullish bias above 0.724

Our preference long positions above 0.724 with targets at 0.7315 & 0.7335 in extension. Alternative scenario is below 0.724 look for further downside with 0.7205 & 0.718 as targets.

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