Daily Technical Analysis and Forex tips 5 May 2016

Daily Technical Analysis and Forex tips 5 May 2016
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Technical Analysis and Forex tips 5 May 2016 that covers latest market news and daily shares trading signals from experts of the field. Take after the day by day specialized investigations to get an edge in trading in forex.

EUR/USD Intraday: under pressure

Our preference for short positions below 1.1480 with targets @ 1.1370 & 1.1310 in extension. Alternative scenario is above 1.1480 look for further upside with 1.1510 & 1.1540 as targets.

GBP/USD Intraday: key resistance at 1.4530

Our preference is short positions below 1.4530 with targets @ 1.4440 & 1.4400 in extension. Alternative scenario is above 1.4530 look for further upside with 1.4575 & 1.4620 as targets.

USD/CHF Intraday: further advance

Our preference long positions above 0.9570 with targets @ 0.9700 & 0.9735 in extension. Alternative scenario is below 0.9570 look for further downside with 0.9530 & 0.9490 as targets.

USD/JPY Intraday: the upside prevails

Our preference is long positions above 106.50 with targets @ 107.85 & 108.25 in extension. Alternative scenario is below 106.50 look for further downside with 106.10 & 105.50 as targets.

USD/CAD Intraday: bullish bias above 1.2745

Our preference long positions above 1.2745 with targets @ 1.2920 & 1.2970 in extension. Alternative scenario is below 1.2745 look for further downside with 1.2695 & 1.2640 as targets.

AUD/USD Intraday: key resistance at 0.7520

Our preference short positions below 0.7520 with targets @ 0.7440 & 0.7410 in extension. Alternative scenario is above 0.7520 look for further upside with 0.7550 & 0.7590 as targets.

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