TC FX Analysis

Date:2018/10/04 USD/JPY Intraday: further upside.

EUR/USD Intraday: the downside prevails.
Pivot: 1.1530

Our preference: short positions below 1.1530 with targets at 1.1460 & 1.1410 in extension.

Alternative scenario: above 1.1530 look for further upside with 1.1565 & 1.1595 as targets.

Comment: the RSI has broken down its 30 level.

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: aim @ 1.2890.
Pivot: 1.2990

Our preference: short positions below 1.2990 with targets at 1.2920 & 1.2890 in extension.

Alternative scenario: above 1.2990 look for further upside with 1.3020 & 1.3060 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

AUD/USD Intraday: target 0.7035.
Pivot: 0.7130

Our preference: short positions below 0.7130 with targets at 0.7080 & 0.7035 in extension.

Alternative scenario: above 0.7130 look for further upside with 0.7155 & 0.7175 as targets.

Comment: the RSI is capped by a declining 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

USD/JPY Intraday: further upside.
Pivot: 114.00

Our preference: long positions above 114.00 with targets at 114.85 & 115.15 in extension.

Alternative scenario: below 114.00 look for further downside with 113.70 & 113.50 as targets.

Comment: the break above 114.00 is a positive signal that has opened a path to 114.85.

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: under pressure.
Pivot: 1205.00

Our preference: short positions below 1205.00 with targets at 1194.00 & 1189.00 in extension.

Alternative scenario: above 1205.00 look for further upside with 1208.00 & 1211.00 as targets.

Comment: the RSI is mixed 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

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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