TC FX Analysis

Date:2018/11/01 AUD/USD Intraday: under pressure.

EUR/USD Intraday: key resistance at 1.1335.

Pivot: 1.1335

Our preference: short positions below 1.1335 with targets at 1.1300 & 1.1260 in extension.

Alternative scenario: above 1.1335 look for further upside with 1.1360 & 1.1385 as targets.

Comment: as long as the resistance at 1.1335 is not surpassed, the risk of the break below 1.1300 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

 

GBP/USD Intraday: watch 1.2825.

Pivot: 1.2740

Our preference: long positions above 1.2740 with targets at 1.2790 & 1.2825 in extension.

Alternative scenario: below 1.2740 look for further downside with 1.2700 & 1.2660 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

 

AUD/USD Intraday: under pressure.

Pivot: 0.7095

Our preference: short positions below 0.7095 with targets at 0.7065 & 0.7050 in extension.

Alternative scenario: above 0.7095 look for further upside with 0.7120 & 0.7135 as targets.

Comment: a break below 0.7065 would trigger a drop towards 0.7050.

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: key resistance at 113.10.

Pivot: 113.10

Our preference: short positions below 113.10 with targets at 112.65 & 112.40 in extension.

Alternative scenario: above 113.10 look for further upside with 113.40 & 113.70 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

 

Gold spot Intraday: under pressure.

Pivot: 1219.00

Our preference: short positions below 1219.00 with targets at 1212.00 & 1208.00 in extension.

Alternative scenario: above 1219.00 look for further upside with 1223.50 & 1226.50 as targets.

Comment: as long as the resistance at 1219.00 is not surpassed, the risk of the break below 1212.00 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

 

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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