TC FX Analysis

Date:2018/10/01 GBP/USD Intraday: rebound expected.

EUR/USD Intraday: bullish bias above 1.1590.
Pivot: 1.1590

Our preference: long positions above 1.1590 with targets at 1.1630 & 1.1650 in extension.

Alternative scenario: below 1.1590 look for further downside with 1.1570 & 1.1550 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

GBP/USD Intraday: rebound expected.
Pivot: 1.3000

Our preference: long positions above 1.3000 with targets at 1.3060 & 1.3090 in extension.

Alternative scenario: below 1.3000 look for further downside with 1.2980 & 1.2950 as targets.

Comment: the RSI calls for a rebound.

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 bias remains bullish.
Pivot: 0.7215

Our preference: long positions above 0.7215 with targets at 0.7240 & 0.7260 in extension.

Alternative scenario: below 0.7215 look for further downside with 0.7200 & 0.7185 as targets.

Comment: technically the RSI is above its neutrality area at 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

USD/JPY Intraday: target 114.40.
Pivot: 113.50

Our preference: long positions above 113.50 with targets at 114.05 & 114.40 in extension.

Alternative scenario: below 113.50 look for further downside with 113.30 & 113.05 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

Gold spot Intraday: target 1198.50.
Pivot: 1187.50

Our preference: long positions above 1187.50 with targets at 1194.00 & 1198.50 in extension.

Alternative scenario: below 1187.50 look for further downside with 1185.00 & 1181.50 as targets.

Comment: technically the RSI is above its neutrality area at 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

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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