TC FX Analysis

Date:2018/10/22 EUR/USD Intraday: watch 1.1575.

EUR/USD Intraday: watch 1.1575.

Pivot: 1.1475

Our preference: long positions above 1.1475 with targets at 1.1545 & 1.1575 in extension.

Alternative scenario: below 1.1475 look for further downside with 1.1455 & 1.1435 as targets.

Comment: the RSI shows upside 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

GBP/USD Intraday: the upside prevails.

Pivot:1.3030

Our preference: long positions above 1.3030 with targets at 1.3100 & 1.3130 in extension.

Alternative scenario: below 1.3030 look for further downside with 1.3010 & 1.2985 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: under pressure.

Pivot:0.7130

Our preference: short positions below 0.7130 with targets at 0.7100 & 0.7090 in extension.

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

USD/JPY Intraday: bullish bias above 112.30.

Pivot:112.30

Our preference: long positions above 112.30 with targets at 112.60 & 112.75 in extension.

Alternative scenario: below 112.30 look for further downside with 112.10 & 111.95 as targets.

Comment: a support base at 112.30 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

Gold spot Intraday: bullish bias above 1223.00.

Pivot: 1223.00

Our preference: long positions above 1223.00 with targets at 1231.00 & 1233.00 in extension.

Alternative scenario: below 1223.00 look for further downside with 1221.00 & 1218.50 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

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