TC FX Analysis

Date:2018/10/31 USD/JPY Intraday: the upside prevails.

EUR/USD Intraday: target 1.1300.

Pivot: 1.1365

Our preference: short positions below 1.1365 with targets at 1.1335 & 1.1300 in extension.

Alternative scenario: above 1.1365 look for further upside with 1.1385 & 1.1415 as targets.

Comment: a break below 1.1335 would trigger a drop towards 1.1300.

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: under pressure.

Pivot: 1.2755

Our preference: short positions below 1.2755 with targets at 1.2660 & 1.2610 in extension.

Alternative scenario: above 1.2755 look for further upside with 1.2810 & 1.2850 as targets.

Comment: the break below 1.2755 is a negative signal that has opened a path to 1.2660.

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 bias remains bullish.

Pivot: 0.7080

Our preference: long positions above 0.7080 with targets at 0.7120 & 0.7150 in extension.

Alternative scenario: below 0.7080 look for further downside with 0.7065 & 0.7050 as targets.

Comment: technically the RSI is above its neutrality area at 50.

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: 112.65

Our preference: long positions above 112.65 with targets at 113.40 & 113.70 in extension.

Alternative scenario: below 112.65 look for further downside with 112.40 & 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: capped by a negative trend line.

Pivot: 1226.50

Our preference: short positions below 1226.50 with targets at 1219.50 & 1217.00 in extension.

Alternative scenario: above 1226.50 look for further upside with 1229.00 & 1232.00 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.

Revisit Appointment

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

User experience score