TC FX Analysis

Date:2018/9/14 AUD/USD Intraday: bullish bias above 0.7175.

EUR/USD Intraday: target 1.1735.
Pivot: 1.1665

Our preference: long positions above 1.1665 with targets at 1.1715 & 1.1735 in extension.

Alternative scenario: below 1.1665 look for further downside with 1.1645 & 1.1610 as targets.

Comment: the RSI is bullish and calls for further upside.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point  | Black represents the price when the report was produced

GBP/USD Intraday: further advance.
Pivot: 1.3070

Our preference: long positions above 1.3070 with targets at 1.3135 & 1.3165 in extension.

Alternative scenario: below 1.3070 look for further downside with 1.3030 & 1.2980 as targets.

Comment: technically the RSI is above its neutrality area at 50.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point  | Black represents the price when the report was produced

AUD/USD Intraday: bullish bias above 0.7175.
Pivot: 0.7175

Our preference: long positions above 0.7175 with targets at 0.7200 & 0.7230 in extension.

Alternative scenario: below 0.7175 look for further downside with 0.7155 & 0.7130 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point  | Black represents the price when the report was produced

USD/JPY Intraday: aim @ 112.35.
Pivot: 111.75

Our preference: long positions above 111.75 with targets at 112.15 & 112.35 in extension.

Alternative scenario: below 111.75 look for further downside with 111.50 & 111.35 as targets.

Comment: technically the RSI is above its neutrality area at 50.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point  | Black represents the price when the report was produced

Gold spot Intraday: key resistance at 1208.25.
Pivot: 1208.25

Our preference: short positions below 1208.25 with targets at 1198.00 & 1192.50 in extension.

Alternative scenario: above 1208.25 look for further upside with 1212.50 & 1220.00 as targets.

Comment: technically the RSI is below its neutrality area at 50.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point  | Black represents the price when the report was produced

Any information contained in this report should not be deemed to constitute investment advice and should not be relied upon as the basis for a decision to place a trade, or as the basis for any financial or investment decision.

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