TC FX Analysis

Date:2018/10/02 AUD/USD Intraday: the upside prevails.

EUR/USD Intraday: the downside prevails.
Pivot: 1.1595

Our preference: short positions below 1.1595 with targets at 1.1560 & 1.1540 in extension.

Alternative scenario: above 1.1595 look for further upside with 1.1620 & 1.1650 as targets.

Comment: a break below 1.1560 would trigger a drop towards 1.1540.

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: bullish bias above 1.3025.
Pivot: 1.3025

Our preference: long positions above 1.3025 with targets at 1.3060 & 1.3085 in extension.

Alternative scenario: below 1.3025 look for further downside with 1.3000 & 1.2980 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

AUD/USD Intraday: the upside prevails.
Pivot: 0.7210

Our preference: long positions above 0.7210 with targets at 0.7240 & 0.7255 in extension.

Alternative scenario: below 0.7210 look for further downside with 0.7200 & 0.7185 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: the bias remains bullish.
Pivot: 113.80

Our preference: long positions above 113.80 with targets at 114.10 & 114.40 in extension.

Alternative scenario: below 113.80 look for further downside with 113.60 & 113.30 as targets.

Comment: the break above 113.80 is a positive signal that has opened a path to 114.10.

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: capped by a negative trend line.
Pivot: 1192.00

Our preference: short positions below 1192.00 with targets at 1184.50 & 1181.50 in extension.

Alternative scenario: above 1192.00 look for further upside with 1194.00 & 1198.50 as targets.

Comment: the RSI lacks upward 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

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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