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Forex Daily Technical Analysis of Major Currency Pairs Pre US Open
(Date – Nov 3, 2014)
EUR/USD Intraday:
The downside will prevail.
Most Likely Scenario: Expect short positions below 1.2509 with targets @ 1.2428 & 1.2357 in extension.
Alternative scenario: If goes above 1.2509 look for further upside with 1.2580 & 1.2661 as targets.
GBP/USD Intraday:
The downside will prevail.
Most Likely Scenario: Short positions below 1.6036 with targets @ 1.5940 & 1.5885 in extension.
Alternative scenario: If goes above 1.6036 look for further upside with 1.6077 & 1.6132 as targets.
USD/JPY Intraday:
The upside will prevail.
Most Likely Scenario: Long positions above 112.7 with targets @ 113.95 & 114.56 in extension.
Alternative scenario: If goes below 112.7 look for further downside with 112.07 & 110.8 as targets.
AUD/USD Intraday:
The downside will prevail.
Most Likely Scenario: Short positions below 0.8759 with targets @ 0.8674 & 0.8618 in extension.
Alternative scenario: If goes above 0.8759 look for further upside with 0.8816 & 0.8900 as targets.
Disclaimer: This material is considered a marketing communication and should not be construed as containing, investment recommendation or an investment advice or, an offer or solicitation for any transactions in any financial instruments. Past performance is not a guarantee or prediction of future performance. MBNN Financial Services does not take into account your personal investment objectives or financial situation and thus will not be held liable for any consequences in case of risk or loss of any kind and any sort.
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