TC FX Analysis

Date:2018/9/20 AUD/USD Intraday: the bias remains bullish.

EUR/USD Intraday: under pressure.
Pivot: 1.1690

Our preference: short positions below 1.1690 with targets at 1.1650 & 1.1635 in extension.

Alternative scenario: above 1.1690 look for further upside with 1.1715 & 1.1725 as targets.

Comment: the RSI lacks upward momentum.

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: towards 1.3100.
Pivot: 1.3170

Our preference: short positions below 1.3170 with targets at 1.3120 & 1.3100 in extension.

Alternative scenario: above 1.3170 look for further upside with 1.3215 & 1.3245 as targets.

Comment: a break below 1.3120 would trigger a drop towards 1.3100.

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: the bias remains bullish.
Pivot: 0.7235

Our preference: long positions above 0.7235 with targets at 0.7275 & 0.7290 in extension.

Alternative scenario: below 0.7235 look for further downside with 0.7210 & 0.7190 as targets.

Comment: the break above 0.7235 is a positive signal that has opened a path to 0.7275.

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: bullish bias above 112.15.
Pivot: 112.15

Our preference: long positions above 112.15 with targets at 112.45 & 112.60 in extension.

Alternative scenario: below 112.15 look for further downside with 112.00 & 111.85 as targets.

Comment: a support base at 112.15 has formed and has allowed for a temporary stabilisation.

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: bullish bias above 1200.50.
Pivot: 1200.50

Our preference: long positions above 1200.50 with targets at 1206.00 & 1208.50 in extension.

Alternative scenario: below 1200.50 look for further downside with 1195.50 & 1192.50 as targets.

Comment: the RSI is supported by a rising trend line.

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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