Forex Trading Tips – 20 Aug, 2015

http://www.myfxguide.com/forex-trading-tips-20-aug-2015/

EUR/USD Intraday: the upside prevails.
Stoploss:1.107
Our preference:Long positions above 1.107 with targets @ 1.1165 & 1.1185 in extension.

USD/JPY Intraday:key resistance at 124.15.
Stoploss:124.15
Our preference: Short positions below 124.15 with targets @ 123.65 & 123.45 in extension.

GBP/USD Intraday: key resistance at 1.572.
Stoploss:1.572
Our preference: Short positions below 1.572 with targets @ 1.5615 & 1.5575 in extension.

USD/CAD Intraday:the bias remains bullish.
Stoploss:1.308
Our preference:Long positions above 1.308 with targets @ 1.315 & 1.3185 in extension.

USD/CHF Intraday:the downside prevails.
Stoploss: 0.9745
Our preference:Short positions below 0.9745 with targets @ 0.963 & 0.96 in extension.

AUD/USD Intraday:the bias remains bullish. 
Stoploss: 0.731
Our preference: Long positions above 0.731 with targets @ 0.739 & 0.741 in extension.

GBP/JPY Intraday :under pressure.
Stoploss:194.95
Our preference:Short positions below 194.95 with targets @ 193.8 & 193.5 in extension. 

NZD/USD Intraday:the bias remains bullish.
Stoploss : 0.657
Our preference: Long positions above 0.657 with targets @ 0.6625 & 0.665 in extension. 

US Oil : Intraday:under pressure.
Stoploss :41.4
Our preference:Short positions below 41.4 with targets @ 40.4 & 40.1 in extension.

Gold spot Intraday: the upside prevails.
Stoploss :1126.8
Our preference: Long positions above 1126.8 with targets @ 1143.5 & 1149.5 in extension.

Silver spot Intraday: further advance.
Stoploss:15.16
Our preference: Long positions above 15.16 with targets @ 15.5 & 15.6 in extension.

Disclaimer: This is a Trading Tip & Investments are Subject to Market Risks.

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