TC FX Analysis

Date:2018/10/29 USD/JPY Intraday: rebound.

EUR/USD Intraday: the bias remains bullish.

Pivot: 1.1380

Our preference: long positions above 1.1380 with targets at 1.1430 & 1.1460 in extension.

Alternative scenario: below 1.1380 look for further downside with 1.1355 & 1.1335 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

 

GBP/USD Intraday: the upside prevails.

Pivot: 1.2810

Our preference: long positions above 1.2810 with targets at 1.2865 & 1.2895 in extension.

Alternative scenario: below 1.2810 look for further downside with 1.2775 & 1.2750 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

 

AUD/USD Intraday: watch 0.7125.

Pivot: 0.7075

Our preference: long positions above 0.7075 with targets at 0.7110 & 0.7125 in extension.

Alternative scenario: below 0.7075 look for further downside with 0.7055 & 0.7035 as targets.

Comment: the RSI is bullish and calls for further advance.

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.

Pivot: 111.70

Our preference: long positions above 111.70 with targets at 112.10 & 112.40 in extension.

Alternative scenario: below 111.70 look for further downside with 111.35 & 111.00 as targets.

Comment: the RSI has just landed on its neutrality area at 50% and is turning up.

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: 1236.00

Our preference: short positions below 1236.00 with targets at 1228.00 & 1225.50 in extension.

Alternative scenario: above 1236.00 look for further upside with 1240.00 & 1243.50 as targets.

Comment: the RSI is bearish and calls for further decline.

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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