TC FX Analysis

Date:2018/9/26 GBP/USD Intraday: target 1.3225.

EUR/USD Intraday: bullish bias above 1.1755.
Pivot: 1.1755

Our preference: long positions above 1.1755 with targets at 1.1795 & 1.1815 in extension.

Alternative scenario: below 1.1755 look for further downside with 1.1730 & 1.1710 as targets.

Comment: a support base at 1.1755 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

GBP/USD Intraday: target 1.3225.
Pivot: 1.3140

Our preference: long positions above 1.3140 with targets at 1.3195 & 1.3225 in extension.

Alternative scenario: below 1.3140 look for further downside with 1.3100 & 1.3060 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

AUD/USD Intraday: under pressure.
Pivot: 0.7260

Our preference: short positions below 0.7260 with targets at 0.7235 & 0.7220 in extension.

Alternative scenario: above 0.7260 look for further upside with 0.7280 & 0.7300 as targets.

Comment: the index currently faces a challenging resistance area at 0.7260.

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: 112.80

Our preference: long positions above 112.80 with targets at 113.15 & 113.35 in extension.

Alternative scenario: below 112.80 look for further downside with 112.65 & 112.50 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: the bias remains bullish.
Pivot: 1198.00

Our preference: long positions above 1198.00 with targets at 1204.00 & 1207.50 in extension.

Alternative scenario: below 1198.00 look for further downside with 1194.00 & 1191.50 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

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.

Revisit Appointment

  • Our service time is 09:00-22:00,
    Monday to Friday (GMT+8)

User experience score