TC FX Analysis

Date:2018/11/16 GBP/USD Intraday: watch 1.2685.

EUR/USD Intraday: the bias remains bullish.
Pivot: 1.1300

Our preference: long positions above 1.1300 with targets at 1.1360 & 1.1400 in extension.

Alternative scenario: below 1.1300 look for further downside with 1.1270 & 1.1250 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

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 1.2685.
Pivot: 1.2835

Our preference: short positions below 1.2835 with targets at 1.2720 & 1.2685 in extension.

Alternative scenario: above 1.2835 look for further upside with 1.2880 & 1.2950 as targets.

Comment: the RSI is capped by a declining 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

AUD/USD Intraday: bullish bias above 0.7255.
Pivot: 0.7255

Our preference: long positions above 0.7255 with targets at 0.7300 & 0.7320 in extension.

Alternative scenario: below 0.7255 look for further downside with 0.7230 & 0.7210 as targets.

Comment: a support base at 0.7255 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

 

USD/JPY Intraday: continuation of the rebound.
Pivot: 113.30

Our preference: long positions above 113.30 with targets at 113.70 & 114.00 in extension.

Alternative scenario: below 113.30 look for further downside with 113.10 & 112.95 as targets.

Comment: the RSI advocates for further upside.

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: the upside prevails.
Pivot: 1208.00

Our preference: long positions above 1208.00 with targets at 1217.50 & 1221.50 in extension.

Alternative scenario: below 1208.00 look for further downside with 1205.00 & 1202.00 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

 

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.

Revisit Appointment

  • Our service time is 09:00-22:00,
    Monday to Friday (GMT+8)

User experience score