TC FX Analysis

Date:2018/11/13 Gold spot Intraday: under pressure.

EUR/USD Intraday: capped by a negative trend line.
Pivot: 1.1270

Our preference: short positions below 1.1270 with targets at 1.1200 & 1.1155 in extension.

Alternative scenario: above 1.1270 look for further upside with 1.1310 & 1.1360 as targets.

Comment: a break below 1.1200 would trigger a drop towards 1.1155.

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 1.2790.
Pivot: 1.2895

Our preference: short positions below 1.2895 with targets at 1.2820 & 1.2790 in extension.

Alternative scenario: above 1.2895 look for further upside with 1.2940 & 1.2985 as targets.

Comment: a break below 1.2820 would trigger a drop towards 1.2790.

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 downside prevails.
Pivot: 0.7205

Our preference: short positions below 0.7205 with targets at 0.7150 & 0.7130 in extension.

Alternative scenario: above 0.7205 look for further upside with 0.7235 & 0.7260 as targets.

Comment: the break below 0.7205 is a negative signal that has opened a path to 0.7150.

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: under pressure.
Pivot: 114.00

Our preference: short positions below 114.00 with targets at 113.65 & 113.50 in extension.

Alternative scenario: above 114.00 look for further upside with 114.20 & 114.40 as targets.

Comment: as long as 114.00 is resistance, expect a return to 113.65.

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: 1207.00

Our preference: short positions below 1207.00 with targets at 1200.00 & 1195.00 in extension.

Alternative scenario: above 1207.00 look for further upside with 1211.50 & 1215.00 as targets.

Comment: as long as the resistance at 1207.00 is not surpassed, the risk of the break below 1200.00 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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