TC FX Analysis

Date:2018/10/30 Gold spot Intraday: key resistance at 1232.00.

EUR/USD Intraday: watch 1.1335.

Pivot: 1.1395

Our preference: short positions below 1.1395 with targets at 1.1365 & 1.1335 in extension.

Alternative scenario: above 1.1395 look for further upside with 1.1420 & 1.1445 as targets.

Comment: a break below 1.1365 would trigger a drop towards 1.1335.

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: 1.2830

Our preference: short positions below 1.2830 with targets at 1.2775 & 1.2750 in extension.

Alternative scenario: above 1.2830 look for further upside with 1.2865 & 1.2895 as targets.

Comment: as long as the resistance at 1.2830 is not surpassed, the risk of the break below 1.2775 remains high.

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 0.7035.

Pivot: 0.7080

Our preference: short positions below 0.7080 with targets at 0.7050 & 0.7035 in extension.

Alternative scenario: above 0.7080 look for further upside with 0.7105 & 0.7125 as targets.

Comment: a break below 0.7050 would trigger a drop towards 0.7035.

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 112.15.

Pivot: 112.15

Our preference: long positions above 112.15 with targets at 112.55 & 112.75 in extension.

Alternative scenario: below 112.15 look for further downside with 111.85 & 111.60 as targets.

Comment: a support base at 112.15 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: key resistance at 1232.00.

Pivot: 1232.00

Our preference: short positions below 1232.00 with targets at 1227.50 & 1224.00 in extension.

Alternative scenario: above 1232.00 look for further upside with 1235.50 & 1238.50 as targets.

Comment: as long as 1232.00 is resistance, look for choppy price action with a bearish bias.

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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