TC FX Analysis

Date:2018/11/23 GBP/USD Intraday: the upside prevails.

EUR/USD Intraday: under pressure.
Pivot: 1.1415

Our preference: short positions below 1.1415 with targets at 1.1390 & 1.1375 in extension.

Alternative scenario: above 1.1415 look for further upside with 1.1435 & 1.1465 as targets.

Comment: the RSI shows downside 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: the upside prevails.
Pivot: 1.2850

Our preference: long positions above 1.2850 with targets at 1.2900 & 1.2930 in extension.

Alternative scenario: below 1.2850 look for further downside with 1.2820 & 1.2785 as targets.

Comment: a support base at 1.2850 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: key resistance at 0.7260.
Pivot: 0.7260

Our preference: short positions below 0.7260 with targets at 0.7235 & 0.7220 in extension.

Alternative scenario: above 0.7260 look for further upside with 0.7275 & 0.7300 as targets.

Comment: the upward potential is likely to be limited by the resistance at 0.7260.

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: intraday support around 112.85.
Pivot: 112.85

Our preference: long positions above 112.85 with targets at 113.10 & 113.25 in extension.

Alternative scenario: below 112.85 look for further downside with 112.65 & 112.30 as targets.

Comment: the RSI calls for a new upleg.

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: bullish bias above 1224.50.
Pivot: 1224.50

Our preference: long positions above 1224.50 with targets at 1230.00 & 1233.00 in extension.

Alternative scenario: below 1224.50 look for further downside with 1222.00 & 1219.50 as targets.

Comment: the RSI is mixed with a bullish bias.

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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