Dailyfx signals

EUR/USD intraday: the downside prevails. Pivot: 1.2415 Our preference: Short positions below 1.2415 with targets @ 1.236 & 1.232 in extension. Alternative scenario: Above 1.2415 look for further upside with 1.245 & 1.247 as targets. Comment: as long as the resistance at 1.2415 is not surpassed, the risk of the break below 1.236 remains high. Next     GBP/USD intraday: capped by a negative trend line. Pivot: 1.557 Our preference: Short positions below 1.557 with targets @ 1.5485 & 1.547 in extension. Alternative scenario: Above 1.557 look for further upside with 1.5605 & 1.5635 as targets. Comment: the upward potential is likely to be limited by the resistance at 1.557.  Previous |  Next     USD/CHF intraday: the bias remains bullish. Pivot: 0.967 Our preference: Long positions above 0.967 with targets @ 0.9715 & 0.975 in extension. Alternative scenario: Below 0.967 look for further downside with 0.964 & 0.961 as targets. Comment: the immediate trend remains up and the momentum is strong.  Previous |  Next     USD/JPY intraday: bullish bias above 79.7. Pivot: 79.7 Our preference: Long positions above 79.7 with targets @ 80.1 & 80.25 in extension. Alternative scenario: Below 79.7 look for further downside with 79.55 & 79.4 as targets. Comment: the RSI lacks downward momentum.  Previous |  Next     AUD/USD intraday: bullish bias above 1.024. Pivot: 1.024 Our preference: Long positions above 1.024 with targets @ 1.0325 & 1.035 in extension. Alternative scenario: Below 1.024 look for further downside with 1.02 & 1.015 as targets. Comment: a support base at 1.024 has formed and has allowed for a temporary stabilisation.  Previous |  Next