TC FX Analysis

Date:2018/9/21 GBP/USD Intraday: target 1.3340.

EUR/USD Intraday: the upside prevails.
Pivot: 1.1735

Our preference: long positions above 1.1735 with targets at 1.1800 & 1.1830 in extension.

Alternative scenario: below 1.1735 look for further downside with 1.1710 & 1.1685 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

GBP/USD Intraday: target 1.3340.
Pivot: 1.3225

Our preference: long positions above 1.3225 with targets at 1.3300 & 1.3340 in extension.

Alternative scenario: below 1.3225 look for further downside with 1.3195 & 1.3155 as targets.

Comment: the RSI lacks downward 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

AUD/USD Intraday: the upside prevails.
Pivot: 0.7270

Our preference: long positions above 0.7270 with targets at 0.7300 & 0.7325 in extension.

Alternative scenario: below 0.7270 look for further downside with 0.7250 & 0.7235 as targets.

Comment: the break above 0.7270 is a positive signal that has opened a path to 0.7300.

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: the bias remains bullish.
Pivot: 112.30

Our preference: long positions above 112.30 with targets at 112.60 & 112.80 in extension.

Alternative scenario: below 112.30 look for further downside with 112.05 & 111.85 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

Gold spot Intraday: supported by a rising trend line.
Pivot: 1203.00

Our preference: long positions above 1203.00 with targets at 1208.50 & 1212.50 in extension.

Alternative scenario: below 1203.00 look for further downside with 1199.50 & 1197.00 as targets.

Comment: the RSI is mixed to bullish.

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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