TC FX Analysis

Date:2018/9/18 Gold spot Intraday: turning down.

EUR/USD Intraday: turning down.
Pivot: 1.1695

Our preference: short positions below 1.1695 with targets at 1.1650 & 1.1620 in extension.

Alternative scenario: above 1.1695 look for further upside with 1.1720 & 1.1750 as targets.

Comment: the immediate trend remains down and the momentum is strong.

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: caution.
Pivot: 1.3135

Our preference: long positions above 1.3135 with targets at 1.3165 & 1.3185 in extension.

Alternative scenario: below 1.3135 look for further downside with 1.3110 & 1.3080 as targets.

Comment: intraday technical indicators are mixed and call for caution.

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: turning down.
Pivot: 0.7170

Our preference: short positions below 0.7170 with targets at 0.7125 & 0.7110 in extension.

Alternative scenario: above 0.7170 look for further upside with 0.7195 & 0.7215 as targets.

Comment: the RSI has broken down its 30 level.

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: turning down.
Pivot: 111.90

Our preference: short positions below 111.90 with targets at 111.55 & 111.35 in extension.

Alternative scenario: above 111.90 look for further upside with 112.10 & 112.30 as targets.

Comment: the RSI has broken down its 30 level.

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: turning down.
Pivot: 1202.00

Our preference: short positions below 1202.00 with targets at 1196.00 & 1192.50 in extension.

Alternative scenario: above 1202.00 look for further upside with 1205.00 & 1208.50 as targets.

Comment: the RSI advocates for further decline.

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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