Daily Technical Analysis and Forex tips 3rd October 2018

Daily Technical Analysis and Forex tips 3rd October 2018
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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 Daily forex tips of 3rd October 2018

EUR/USD Intraday: capped by a negative trend line

Our preference is for short positions below 1.1580 with targets at 1.1505 & 1.1485 in extension. Alternative scenario is above 1.1580 look for further upside with 1.1595 & 1.1625 as targets.

GBP/USD Intraday: capped by a negative trend line

Our preference is for short positions below 1.3010 with targets at 1.2940 & 1.2895 in extension. Alternative scenario is above 1.3010 look for further upside with 1.3030 & 1.3060 as targets.

USD/CHF Intraday: the upside prevails

Our preference is for long positions above 0.9805 with targets at 0.9880 & 0.9915 in extension. Alternative scenario is below 0.9805 look for further downside with 0.9780 & 0.9745 as targets.

USD/JPY Intraday: caution

Our preference is for short positions below 113.90 with targets at 113.50 & 113.30 in extension. Alternative scenario is above 113.90 look for further upside with 114.10 & 114.40 as targets.

USD/CAD Intraday: the bias remains bullish

Our preference is for long positions above 1.2780 with targets at 1.2860 & 1.2905 in extension. Alternative scenario is below 1.2780 look for further downside with 1.2755 & 1.2710 as targets.

AUD/USD Intraday: key resistance at 0.7205

Our preference is for short positions below 0.7205 with targets at 0.7160 & 0.7140 in extension. Alternative scenario is above 0.7205 look for further upside with 0.7220 & 0.7240 as targets.

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