Daily Technical Analysis and Forex tips 9 May 2016

Daily Technical Analysis and Forex tips 9 May 2016
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Technical Analysis and Forex tips 9 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 1.1445 with targets at 1.1370 & 1.1310 in extension. Alternative scenario is above 1.1445 look for further upside with 1.1480 & 1.1510 as targets.

GBP/USD Intraday: the downside prevails

Our preference is short positions below 1.4480 with targets at 1.4365 & 1.4310 in extension. Alternative scenario is above 1.4480 look for further upside with 1.4530 & 1.4575 as targets.

USD/CHF Intraday: intraday support around 0.9655

Our preference long positions above 0.9655 with targets at 0.9735 & 0.9765 in extension. Alternative scenario is below 0.9655 look for further downside with 0.9620 & 0.9570 as targets.

USD/JPY Intraday: further advance

Our preference is long positions above 107.40 with targets at 108.70 & 109.25 in extension. Alternative scenario is below 107.40 look for further downside with 107.00 & 106.50 as targets.

USD/CAD Intraday: further advance

Our preference long positions above 1.2880 with targets at 1.3020 & 1.3080 in extension. Alternative scenario is below 1.2880 look for further downside with 1.2830 & 1.2780 as targets.

AUD/USD Intraday: under pressure

Our preference short positions below 0.7400 with targets at 0.7260 & 0.7190 in extension. Alternative scenario is above 0.7400 look for further upside with 0.7450 & 0.7515 as targets.

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