TC FX Analysis

Date:2018/9/25 EUR/USD Intraday: under pressure.

EUR/USD Intraday: under pressure.
Pivot: 1.1775

Our preference: short positions below 1.1775 with targets at 1.1740 & 1.1720 in extension.

Alternative scenario: above 1.1775 look for further upside with 1.1795 & 1.1815 as targets.

Comment: a break below 1.1740 would trigger a drop towards 1.1720.

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: watch 1.3060.
Pivot: 1.3135

Our preference: short positions below 1.3135 with targets at 1.3090 & 1.3060 in extension.

Alternative scenario: above 1.3135 look for further upside with 1.3170 & 1.3205 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

AUD/USD Intraday: the downside prevails.
Pivot: 0.7265

Our preference: short positions below 0.7265 with targets at 0.7240 & 0.7220 in extension.

Alternative scenario: above 0.7265 look for further upside with 0.7280 & 0.7300 as targets.

Comment: the RSI calls for a new downleg.

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: further advance.
Pivot: 112.50

Our preference: long positions above 112.50 with targets at 113.00 & 113.15 in extension.

Alternative scenario: below 112.50 look for further downside with 112.35 & 112.10 as targets.

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

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: rebound expected.
Pivot: 1196.50

Our preference: long positions above 1196.50 with targets at 1201.00 & 1204.00 in extension.

Alternative scenario: below 1196.50 look for further downside with 1194.00 & 1191.50 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

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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