TC FX Analysis

Date:2018/9/24 EUR/USD Intraday: under pressure.

EUR/USD Intraday: under pressure.
Pivot: 1.1770

Our preference: short positions below 1.1770 with targets at 1.1730 & 1.1710 in extension.

Alternative scenario: above 1.1770 look for further upside with 1.1800 & 1.1830 as targets.

Comment: the break below 1.1770 is a negative signal that has opened a path to 1.1730.

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: under pressure.
Pivot: 1.3105

Our preference: short positions below 1.3105 with targets at 1.3055 & 1.3025 in extension.

Alternative scenario: above 1.3105 look for further upside with 1.3140 & 1.3170 as targets.

Comment: a break below 1.3055 would trigger a drop towards 1.3025.

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: 0.7290

Our preference: short positions below 0.7290 with targets at 0.7260 & 0.7250 in extension.

Alternative scenario: above 0.7290 look for further upside with 0.7305 & 0.7325 as targets.

Comment: as long as the resistance at 0.7290 is not surpassed, the risk of the break below 0.7260 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

USD/JPY Intraday: watch 112.20.
Pivot: 112.65

Our preference: short positions below 112.65 with targets at 112.40 & 112.20 in extension.

Alternative scenario: above 112.65 look for further upside with 112.85 & 113.00 as targets.

Comment: the RSI is bearish and calls for further downside.

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 1201.50.
Pivot: 1201.50

Our preference: short positions below 1201.50 with targets at 1195.00 & 1191.50 in extension.

Alternative scenario: above 1201.50 look for further upside with 1206.00 & 1211.00 as targets.

Comment: the RSI is capped by a bearish 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

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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