TC FX Analysis

Date:2018/10/19 GBP/USD Intraday: watch 1.2950.

EUR/USD Intraday: the downside prevails.

Pivot: 1.1490

Our preference: short positions below 1.1490 with targets at 1.1425 & 1.1400 in extension.

Alternative scenario: above 1.1490 look for further upside with 1.1525 & 1.1545 as targets.

Comment: the break below 1.1490 is a negative signal that has opened a path to 1.1425.

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: watch 1.2950.

Pivot:1.3075

Our preference: short positions below 1.3075 with targets at 1.3000 & 1.2950 in extension.

Alternative scenario: above 1.3075 look for further upside with 1.3110 & 1.3140 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: under pressure.

Pivot:0.7115

Our preference: short positions below 0.7115 with targets at 0.7085 & 0.7065 in extension.

Alternative scenario: above 0.7115 look for further upside with 0.7130 & 0.7150 as targets.

Comment: the break below 0.7115 is a negative signal that has opened a path to 0.7085.

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:112.40

Our preference: short positions below 112.40 with targets at 111.95 & 111.70 in extension.

Alternative scenario: above 112.40 look for further upside with 112.60 & 112.75 as targets.

Comment: the break below 112.40 is a negative signal that has opened a path to 111.95.

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: rebound expected.

Pivot: 1222.00

Our preference: long positions above 1222.00 with targets at 1230.00 & 1233.00 in extension.

Alternative scenario: below 1222.00 look for further downside with 1218.50 & 1216.00 as targets.

Comment: the RSI broke above 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.

Revisit Appointment

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

User experience score