TC FX Analysis

Date:2018/10/11 EUR/USD Intraday: bullish bias above 1.1510.

EUR/USD Intraday: bullish bias above 1.1510.
Pivot: 1.1510

Our preference: long positions above 1.1510 with targets at 1.1545 & 1.1565 in extension.

Alternative scenario: below 1.1510 look for further downside with 1.1485 & 1.1465 as targets.

Comment: a support base at 1.1510 has formed and has allowed for a temporary stabilisation.

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: the upside prevails.
Pivot: 1.3170

Our preference: long positions above 1.3170 with targets at 1.3220 & 1.3265 in extension.

Alternative scenario: below 1.3170 look for further downside with 1.3130 & 1.3100 as targets.

Comment: the RSI advocates for further upside.

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: key resistance at 0.7085.
Pivot: 0.7085

Our preference: short positions below 0.7085 with targets at 0.7040 & 0.7025 in extension.

Alternative scenario: above 0.7085 look for further upside with 0.7105 & 0.7130 as targets.

Comment: as long as the resistance at 0.7085 is not surpassed, the risk of the break below 0.7040 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: the downside prevails.
Pivot: 112.50

Our preference: short positions below 112.50 with targets at 111.85 & 111.55 in extension.

Alternative scenario: above 112.50 look for further upside with 112.85 & 113.30 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

Gold spot Intraday: the upside prevails.
Pivot: 1190.00

Our preference: long positions above 1190.00 with targets at 1197.00 & 1200.00 in extension.

Alternative scenario: below 1190.00 look for further downside with 1186.00 & 1183.00 as targets.

Comment: the RSI is bullish and calls for further upside.

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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