TC FX Analysis

Date:2018/10/12 GBP/USD Intraday: the upside prevails.

EUR/USD Intraday: target 1.1625.

Pivot: 1.1565

Our preference: long positions above 1.1565 with targets at 1.1600 & 1.1625 in extension.

Alternative scenario: below 1.1565 look for further downside with 1.1540 & 1.1515 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

GBP/USD Intraday: the upside prevails.

Pivot:1.3185

Our preference: long positions above 1.3185 with targets at 1.3245 & 1.3300 in extension.

Alternative scenario: below 1.3185 look for further downside with 1.3130 & 1.3100 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: aim @ 0.7160.

Pivot: 0.7095

Our preference: long positions above 0.7095 with targets at 0.7130 & 0.7160 in extension.

Alternative scenario: below 0.7095 look for further downside with 0.7075 & 0.7050 as targets.

Comment: the RSI lacks downward momentum. The pair is supported by the 20-period moving average intraday

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: under pressure.

Pivot: 112.55

Our preference: short positions below 112.55 with targets at 111.80 & 111.55 in extension.

Alternative scenario: above 112.55 look for further upside with 112.85 & 113.30 as targets.

Comment: as long as 112.55 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

Gold spot Intraday: the upside prevails.

Pivot: 1214.50

Our preference: long positions above 1214.50 with targets at 1228.50 & 1235.00 in extension.

Alternative scenario: below 1214.50 look for further downside with 1205.50 & 1200.00 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

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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