INTRADAY Trades - Forex Vs Stock

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Monday, November 20, 2017

INTRADAY Trades

EUR/USD INTRADAY
Pivot: 1.1770
Our preference: short positions below 1.1770 with targets at 1.1720 & 1.1685 in extension.
Alternative scenario: above 1.1770 look for further upside with 1.1810 & 1.1850 as targets.
Comment: a break below 1.1720 would trigger a drop towards 1.1685.
AUD/USD INTRADAY
Pivot: 0.7570
Our preference: short positions below 0.7570 with targets at 0.7535 & 0.7510 in extension.
Alternative scenario: above 0.7570 look for further upside with 0.7590 & 0.7610 as targets.
Comment: as long as 0.7570 is resistance, likely decline to 0.7535.
USD/JPY INTRADAY
Pivot: 112.20
Our preference: long positions above 112.20 with targets at 112.75 & 113.00 in extension.
Alternative scenario: below 112.20 look for further downside with 111.90 & 111.60 as targets.

Comment: the break above 112.20 is a positive signal that has opened a path to 112.75.

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