TC FX Analysis

Date:2018/11/09 GBP/USD Intraday: key resistance at 1.3085.

EUR/USD Intraday: target 1.1330.
Pivot: 1.1390

Our preference: short positions below 1.1390 with targets at 1.1350 & 1.1330 in extension.

Alternative scenario: above 1.1390 look for further upside with 1.1420 & 1.1445 as targets.

Comment: a break below 1.1350 would trigger a drop towards 1.1330.

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: key resistance at 1.3085.
Pivot: 1.3085

Our preference: short positions below 1.3085 with targets at 1.3040 & 1.3010 in extension.

Alternative scenario: above 1.3085 look for further upside with 1.3120 & 1.3150 as targets.

Comment: as long as the resistance at 1.3085 is not surpassed, the risk of the break below 1.3040 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: key resistance at 0.7275.
Pivot: 0.7275

Our preference: short positions below 0.7275 with targets at 0.7245 & 0.7230 in extension.

Alternative scenario: above 0.7275 look for further upside with 0.7300 & 0.7325 as targets.

Comment: as long as the resistance at 0.7275 is not surpassed, the risk of the break below 0.7245 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

 

USD/JPY Intraday: further upside.
Pivot: 113.75

Our preference: long positions above 113.75 with targets at 114.20 & 114.50 in extension.

Alternative scenario: below 113.75 look for further downside with 113.50 & 113.20 as targets.

Comment: the break above 113.75 is a positive signal that has opened a path to 114.20.

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 1226.75.
Pivot: 1226.75

Our preference: short positions below 1226.75 with targets at 1220.00 & 1215.50 in extension.

Alternative scenario: above 1226.75 look for further upside with 1230.00 & 1232.00 as targets.

Comment: as long as the resistance at 1226.75 is not surpassed, the risk of the break below 1220.00 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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