TC FX Analysis

Date:2018/10/23 Gold spot Intraday: under pressure.

EUR/USD Intraday: target 1.1430.

Pivot: 1.1495

Our preference: short positions below 1.1495 with targets at 1.1455 & 1.1430 in extension.

Alternative scenario: above 1.1495 look for further upside with 1.1520 & 1.1550 as targets.

Comment: a break below 1.1455 would trigger a drop towards 1.1430.

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 1.2900.

Pivot:1.3015

Our preference: short positions below 1.3015 with targets at 1.2950 & 1.2900 in extension.

Alternative scenario: above 1.3015 look for further upside with 1.3050 & 1.3090 as targets.

Comment: a break below 1.2950 would trigger a drop towards 1.2900.

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:0.7090

Our preference: short positions below 0.7090 with targets at 0.7070 & 0.7050 in extension.

Alternative scenario: above 0.7090 look for further upside with 0.7110 & 0.7125 as targets.

Comment: the RSI lacks upward 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

USD/JPY Intraday: the upside prevails.

Pivot:112.60

Our preference: long positions above 112.60 with targets at 112.90 & 113.10 in extension.

Alternative scenario: below 112.60 look for further downside with 112.35 & 112.20 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

Gold spot Intraday: under pressure.

Pivot: 1225.50

Our preference: short positions below 1225.50 with targets at 1219.00 & 1216.00 in extension.

Alternative scenario: above 1225.50 look for further upside with 1228.50 & 1231.00 as targets.

Comment: the RSI is capped by a bearish 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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