TC FX Analysis

Date:2018/11/15 AUD/USD Intraday: bounce.

EUR/USD Intraday: the bias remains bullish.
Pivot: 1.1280

Our preference: long positions above 1.1280 with targets at 1.1345 & 1.1370 in extension.

Alternative scenario: below 1.1280 look for further downside with 1.1250 & 1.1215 as targets.

Comment: the RSI lacks downward 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

 

GBP/USD Intraday: choppy.
Pivot: 1.2980

Our preference: long positions above 1.2980 with targets at 1.3020 & 1.3050 in extension.

Alternative scenario: below 1.2980 look for further downside with 1.2930 & 1.2880 as targets.

Comment: a support base at 1.2980 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

AUD/USD Intraday: bounce.
Pivot: 0.7230

Our preference: long positions above 0.7230 with targets at 0.7300 & 0.7330 in extension.

Alternative scenario: below 0.7230 look for further downside with 0.7210 & 0.7185 as targets.

Comment: the RSI calls for a bounce.

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 113.75.
Pivot: 113.75

Our preference: short positions below 113.75 with targets at 113.30 & 113.00 in extension.

Alternative scenario: above 113.75 look for further upside with 114.00 & 114.20 as targets.

Comment: the upward potential is likely to be limited by the resistance at 113.75.

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: target 1221.50.
Pivot: 1204.50

Our preference: long positions above 1204.50 with targets at 1216.50 & 1221.50 in extension.

Alternative scenario: below 1204.50 look for further downside with 1198.50 & 1196.00 as targets.

Comment: the RSI advocates 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

 

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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