TC FX Analysis

Date:2018/10/18 AUD/USD Intraday: the downside prevails.

EUR/USD Intraday: watch 1.1460.

Pivot:1.1525

Our preference: short positions below 1.1525 with targets at 1.1485 & 1.1460 in extension.

Alternative scenario: above 1.1525 look for further upside with 1.1545 & 1.1580 as targets.

Comment: the immediate trend remains down and the momentum is strong.

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 downside prevails.

Pivot: 1.3140

Our preference: short positions below 1.3140 with targets at 1.3075 & 1.3050 in extension.

Alternative scenario: above 1.3140 look for further upside with 1.3165 & 1.3190 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

AUD/USD Intraday: the downside prevails.

Pivot:0.7130

Our preference: short positions below 0.7130 with targets at 0.7100 & 0.7080 in extension.

Alternative scenario: above 0.7130 look for further upside with 0.7150 & 0.7160 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: target 113.00.

Pivot:112.35

Our preference: long positions above 112.35 with targets at 112.75 & 113.00 in extension.

Alternative scenario: below 112.35 look for further downside with 112.15 & 111.95 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

Gold spot Intraday: consolidation.

Pivot: 1227.50

Our preference: short positions below 1227.50 with targets at 1220.00 & 1216.00 in extension.

Alternative scenario: above 1227.50 look for further upside with 1233.00 & 1238.00 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

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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