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Forex Daily Technical Analysis of Major Currency Pairs Pre US Open
(Date – Oct 23, 2014)
EUR/USD Intraday:
The downside will prevail.
Most Likely Scenario: Expect short positions below 1.2723 with targets @ 1.2609 & 1.2554 in extension.
Alternative scenario: If goes above 1.2723 look for further upside with 1.2782 & 1.2836 as targets.
GBP/USD Intraday:
The downside will prevail.
Most Likely Scenario: Short positions below 1.6063 with targets @ 1.5979 & 1.5945 in extension.
Alternative scenario: If goes above 1.6063 look for further upside with 1.6112 & 1.6147 as targets.
USD/JPY Intraday:
The upside will prevail.
Most Likely Scenario: Long positions above 107.33 with targets @ 107.8 & 108.09 in extension.
Alternative scenario: If goes below 107.33 look for further downside with 107.04 & 106.57 as targets.
AUD/USD Intraday:
The downside will prevail.
Most Likely Scenario: Short positions below 0.8795 with targets @ 0.873 & 0.87 in extension.
Alternative scenario: If goes above 0.8795 look for further upside with 0.883 & 0.886 as targets.
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