TC FX Analysis

Date:2018/10/10 GBP/USD Intraday: target 1.3210.

EUR/USD Intraday: further advance.
Pivot: 1.1470

Our preference: long positions above 1.1470 with targets at 1.1510 & 1.1530 in extension.

Alternative scenario: below 1.1470 look for further downside with 1.1445 & 1.1430 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

GBP/USD Intraday: target 1.3210.
Pivot: 1.3100

Our preference: long positions above 1.3100 with targets at 1.3170 & 1.3210 in extension.

Alternative scenario: below 1.3100 look for further downside with 1.3070 & 1.3030 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

AUD/USD Intraday: further upside.
Pivot: 0.7090

Our preference: long positions above 0.7090 with targets at 0.7130 & 0.7160 in extension.

Alternative scenario: below 0.7090 look for further downside with 0.7070 & 0.7050 as targets.

Comment: the RSI calls for a new upleg.

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 113.20.
Pivot: 113.20

Our preference: short positions below 113.20 with targets at 112.80 & 112.55 in extension.

Alternative scenario: above 113.20 look for further upside with 113.40 & 113.55 as targets.

Comment: as long as the resistance at 113.20 is not surpassed, the risk of the break below 112.80 remains high.

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: 1185.00

Our preference: long positions above 1185.00 with targets at 1192.00 & 1195.00 in extension.

Alternative scenario: below 1185.00 look for further downside with 1180.50 & 1176.50 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.

Revisit Appointment

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

User experience score