TC FX Analysis

Date:2018/10/09 EUR/USD Intraday: rebound.

EUR/USD Intraday: rebound.
Pivot: 1.1460

Our preference: long positions above 1.1460 with targets at 1.1510 & 1.1530 in extension.

Alternative scenario: below 1.1460 look for further downside with 1.1440 & 1.1420 as targets.

Comment: the RSI has just landed on its neutrality area at 50% and is turning up.

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: turning up.
Pivot: 1.3055

Our preference: long positions above 1.3055 with targets at 1.3110 & 1.3135 in extension.

Alternative scenario: below 1.3055 look for further downside with 1.3030 & 1.3000 as targets.

Comment: the break above 1.3055 is a positive signal that has opened a path to 1.3110.

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: 0.7055

Our preference: long positions above 0.7055 with targets at 0.7085 & 0.7100 in extension.

Alternative scenario: below 0.7055 look for further downside with 0.7040 & 0.7020 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

USD/JPY Intraday: key resistance at 113.30.
Pivot: 113.30

Our preference: short positions below 113.30 with targets at 112.80 & 112.50 in extension.

Alternative scenario: above 113.30 look for further upside with 113.55 & 113.80 as targets.

Comment: the index currently faces a challenging resistance area at 113.30.

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: key resistance at 1192.50.
Pivot: 1192.50

Our preference: short positions below 1192.50 with targets at 1184.00 & 1180.50 in extension.

Alternative scenario: above 1192.50 look for further upside with 1197.00 & 1200.00 as targets.

Comment: the RSI is mixed and calls 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

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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