TC FX Analysis

Date:2018/11/12 EUR/USD Intraday: the downside prevails.

EUR/USD Intraday: the downside prevails.
Pivot: 1.1360

Our preference: short positions below 1.1360 with targets at 1.1300 & 1.1275 in extension.

Alternative scenario: above 1.1360 look for further upside with 1.1390 & 1.1420 as targets.

Comment: as long as the resistance at 1.1360 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: the downside prevails.
Pivot: 1.2985

Our preference: short positions below 1.2985 with targets at 1.2875 & 1.2840 in extension.

Alternative scenario: above 1.2985 look for further upside with 1.3050 & 1.3090 as targets.

Comment: the RSI has broken down its 30 level.

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 0.7250.
Pivot: 0.7250

Our preference: short positions below 0.7250 with targets at 0.7210 & 0.7190 in extension.

Alternative scenario: above 0.7250 look for further upside with 0.7265 & 0.7275 as targets.

Comment: a break below 0.7210 would trigger a drop towards 0.7190.

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: rebound.
Pivot: 113.65

Our preference: long positions above 113.65 with targets at 113.95 & 114.10 in extension.

Alternative scenario: below 113.65 look for further downside with 113.50 & 113.30 as targets.

Comment: the RSI calls for a rebound.

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: 1216.00

Our preference: short positions below 1216.00 with targets at 1206.50 & 1203.00 in extension.

Alternative scenario: above 1216.00 look for further upside with 1221.50 & 1227.00 as targets.

Comment: the RSI is mixed to bearish.s

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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