TC FX Analysis

Date:2018/10/03 AUD/USD Intraday: under pressure.

EUR/USD Intraday: key resistance at 1.1570.
Pivot: 1.1570

Our preference: short positions below 1.1570 with targets at 1.1530 & 1.1505 in extension.

Alternative scenario: above 1.1570 look for further upside with 1.1595 & 1.1625 as targets.

Comment: the upward potential is likely to be limited by the resistance at 1.1570.

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: 1.3000

Our preference: short positions below 1.3000 with targets at 1.2960 & 1.2940 in extension.

Alternative scenario: above 1.3000 look for further upside with 1.3030 & 1.3060 as targets.

Comment: as long as the resistance at 1.3000 is not surpassed, the risk of the break below 1.2960 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

AUD/USD Intraday: under pressure.
Pivot: 0.7205

Our preference: short positions below 0.7205 with targets at 0.7175 & 0.7160 in extension.

Alternative scenario: above 0.7205 look for further upside with 0.7220 & 0.7240 as targets.

Comment: as long as 0.7205 is resistance, look for choppy price action with a bearish bias.

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 113.30.
Pivot: 113.85

Our preference: short positions below 113.85 with targets at 113.50 & 113.30 in extension.

Alternative scenario: above 113.85 look for further upside with 114.05 & 114.40 as targets.

Comment: a break below 113.50 would trigger a drop towards 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: further upside.
Pivot: 1201.00

Our preference: long positions above 1201.00 with targets at 1211.00 & 1214.00 in extension.

Alternative scenario: below 1201.00 look for further downside with 1197.50 & 1194.00 as targets.

Comment: the RSI advocates 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

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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