TC FX Analysis

Date:2018/11/19 EUR/USD Intraday: the upside prevails.

EUR/USD Intraday: the upside prevails.
Pivot: 1.1365

Our preference: long positions above 1.1365 with targets at 1.1425 & 1.1475 in extension.

Alternative scenario: below 1.1365 look for further downside with 1.1320 & 1.1285 as targets.

Comment: the break above 1.1365 is a positive signal that has opened a path to 1.1425.

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 bias remains bullish.
Pivot: 1.2800

Our preference: long positions above 1.2800 with targets at 1.2880 & 1.2950 in extension.

Alternative scenario: below 1.2800 look for further downside with 1.2755 & 1.2720 as targets.

Comment: a support base at 1.2800 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: the bias remains bullish.
Pivot: 0.7290

Our preference: long positions above 0.7290 with targets at 0.7340 & 0.7375 in extension.

Alternative scenario: below 0.7290 look for further downside with 0.7250 & 0.7230 as targets.

Comment: technically the RSI is above its neutrality area at 50.

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: target 112.25.
Pivot: 113.15

Our preference: short positions below 113.15 with targets at 112.60 & 112.25 in extension.

Alternative scenario: above 113.15 look for further upside with 113.45 & 113.70 as targets.

Comment: a break below 112.60 would trigger a drop towards 112.25.

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: supported by a rising trend line.
Pivot: 1216.50

Our preference: long positions above 1216.50 with targets at 1226.00 & 1233.00 in extension.

Alternative scenario: below 1216.50 look for further downside with 1211.00 & 1207.50 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.

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