TC FX Analysis

Date:2018/10/15 EUR/USD Intraday: the downside prevails.

EUR/USD Intraday: the downside prevails.

Pivot: 1.1575

Our preference: short positions below 1.1575 with targets at 1.1535 & 1.1515 in extension.

Alternative scenario: above 1.1575 look for further upside with 1.1610 & 1.1625 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

GBP/USD Intraday: towards 1.3030.

Pivot:1.3150

Our preference: short positions below 1.3150 with targets at 1.3065 & 1.3030 in extension.

Alternative scenario: above 1.3150 look for further upside with 1.3185 & 1.3225 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

AUD/USD Intraday: towards 0.7080.

Pivot: 0.7120

Our preference: short positions below 0.7120 with targets at 0.7100 & 0.7080 in extension.

Alternative scenario: above 0.7120 look for further upside with 0.7140 & 0.7150 as targets.

Comment: a break below 0.7100 would trigger a drop towards 0.7080.

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: rebound expected.

Pivot: 111.90

Our preference: long positions above 111.90 with targets at 112.35 & 112.55 in extension.

Alternative scenario: below 111.90 look for further downside with 111.60 & 111.30 as targets.

Comment: the RSI calls for a rebound.

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: bullish bias above 1215.50.

Pivot: 1215.50

Our preference: long positions above 1215.50 with targets at 1223.00 & 1226.50 in extension.

Alternative scenario: below 1215.50 look for further downside with 1210.50 & 1205.50 as targets.

Comment: the RSI calls for a bounce.

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.

Revisit Appointment

  • Our service time is 09:00-22:00,
    Monday to Friday (GMT+8)

User experience score