TC FX Analysis

Date:2018/9/28 Gold spot Intraday: under pressure.

EUR/USD Intraday: the downside prevails.
Pivot: 1.1670

Our preference: short positions below 1.1670 with targets at 1.1615 & 1.1585 in extension.

Alternative scenario: above 1.1670 look for further upside with 1.1695 & 1.1725 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

GBP/USD Intraday: target 1.3030.
Pivot: 1.3110

Our preference: short positions below 1.3110 with targets at 1.3065 & 1.3030 in extension.

Alternative scenario: above 1.3110 look for further upside with 1.3140 & 1.3165 as targets.

Comment: a break below 1.3065 would trigger a drop towards 1.3030.

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: 0.7235

Our preference: short positions below 0.7235 with targets at 0.7185 & 0.7165 in extension.

Alternative scenario: above 0.7235 look for further upside with 0.7260 & 0.7280 as targets.

Comment: the RSI is bearish and calls 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

USD/JPY Intraday: the upside prevails.
Pivot: 113.05

Our preference: long positions above 113.05 with targets at 113.50 & 113.80 in extension.

Alternative scenario: below 113.05 look for further downside with 112.85 & 112.60 as targets.

Comment: the break above 113.05 is a positive signal that has opened a path to 113.50.

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: under pressure.
Pivot: 1188.00

Our preference: short positions below 1188.00 with targets at 1181.00 & 1176.00 in extension.

Alternative scenario: above 1188.00 look for further upside with 1191.50 & 1194.00 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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