TC FX Analysis

Date:2018/11/06 Gold spot Intraday: key resistance at 1234.00.

EUR/USD Intraday: bullish bias above 1.1395.
Pivot: 1.1395

Our preference: long positions above 1.1395 with targets at 1.1430 & 1.1455 in extension.

Alternative scenario: below 1.1395 look for further downside with 1.1370 & 1.1350 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

 

GBP/USD Intraday: further advance.
Pivot: 1.3010

Our preference: long positions above 1.3010 with targets at 1.3105 & 1.3130 in extension.

Alternative scenario: below 1.3010 look for further downside with 1.2970 & 1.2945 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

 

AUD/USD Intraday: watch 0.7260.
Pivot: 0.7180

Our preference: long positions above 0.7180 with targets at 0.7230 & 0.7260 in extension.

Alternative scenario: below 0.7180 look for further downside with 0.7160 & 0.7135 as targets.

Comment: the RSI is supported by a rising 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

 

USD/JPY Intraday: bullish bias above 113.05.
Pivot: 113.05

Our preference: long positions above 113.05 with targets at 113.35 & 113.60 in extension.

Alternative scenario: below 113.05 look for further downside with 112.85 & 112.70 as targets.

Comment: a support base at 113.05 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 1234.00.
Pivot: 1234.00

Our preference: short positions below 1234.00 with targets at 1226.50 & 1222.00 in extension.

Alternative scenario: above 1234.00 look for further upside with 1236.50 & 1239.00 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

 

 

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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