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Forex Daily Technical Analysis of Major Currency Pairs Pre US Open
(Date – Nov 4, 2014)
EUR/USD Intraday:
The downside will prevail.
Most Likely Scenario: Expect short positions below 1.2544 with targets @ 1.2483 & 1.2446 in extension.
Alternative scenario: If goes above 1.2544 look for further upside with 1.2567 & 1.2604 as targets.
GBP/USD Intraday:
The downside will prevail.
Most Likely Scenario: Short positions below 1.6020 with targets @ 1.5974 & 1.5945 in extension.
Alternative scenario: If goes above 1.6020 look for further upside with 1.6037 & 1.6066 as targets.
USD/JPY Intraday:
The upside will prevail.
Most Likely Scenario: Long positions above 112.85 with targets @ 113.89 & 114.57 in extension.
Alternative scenario: If goes below 112.85 look for further downside with 112.48 & 111.80 as targets.
AUD/USD Intraday:
The downside will prevail.
Most Likely Scenario: Short positions below 0.8779 with targets @ 0.8675 & 0.8608 in extension.
Alternative scenario: If goes above 0.8779 look for further upside with 0.8816 & 0.8882 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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