Daily Technical Analysis and Forex tips 9th October 2018

Daily Technical Analysis and Forex tips 9th October 2018
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PipSpread global research team provides the latest forex market research 9th October 2018 & helps you to stay on top of the breaking financial news & currency market updates.

EUR/USD Intraday: towards 1.1430

Our preference is for short positions below 1.1505 with targets at 1.1455 & 1.1430 in extension. Alternative scenario is above 1.1505 look for further upside with 1.1530 & 1.1540 as targets.

GBP/USD Intraday: caution

Our preference is for short positions below 1.3105 with targets at 1.3050 & 1.3025 in extension. Alternative scenario is above 1.3105 look for further upside with 1.3135 & 1.3155 as targets.

USD/CHF Intraday: bullish bias above 0.9905

Our preference is for long positions above 0.9905 with targets at 0.9950 & 0.9970 in extension. Alternative scenario is below 0.9905 look for further downside with 0.9890 & 0.9860 as targets.

USD/JPY Intraday: under pressure

Our preference is for short positions below 113.35 with targets at 112.50 & 112.10 in extension. Alternative scenario is above 113.35 look for further upside with 113.50 & 113.65 as targets.

USD/CAD Intraday: under pressure

Our preference is for short positions below 1.2990 with targets at 1.2930 & 1.2910 in extension. Alternative scenario is above 1.2990 look for further upside with 1.3010 & 1.3050 as targets.

AUD/USD Intraday: the bias remains bullish

Our preference is for long positions above 0.7040 with targets at 0.7090 & 0.7115 in extension. Alternative scenario is below 0.7040 look for further downside with 0.7010 & 0.6990 as targets.

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