TC FX Analysis

Date:2018/11/26 EUR/USD Intraday: watch 1.1290.

EUR/USD Intraday: watch 1.1290.
Pivot: 1.1360

Our preference: short positions below 1.1360 with targets at 1.1325 & 1.1290 in extension.

Alternative scenario: above 1.1360 look for further upside with 1.1380 & 1.1400 as targets.

Comment: a break below 1.1325 would trigger a drop towards 1.1290.

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: key resistance at 1.2845.
Pivot: 1.2845

Our preference: short positions below 1.2845 with targets at 1.2795 & 1.2765 in extension.

Alternative scenario: above 1.2845 look for further upside with 1.2870 & 1.2910 as targets.

Comment: as long as the resistance at 1.2845 is not surpassed, the risk of the break below 1.2795 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

 

AUD/USD Intraday: key resistance at 0.7240.
Pivot: 0.7240

Our preference: short positions below 0.7240 with targets at 0.7220 & 0.7200 in extension.

Alternative scenario: above 0.7240 look for further upside with 0.7260 & 0.7275 as targets.

Comment: the upward potential is likely to be limited by the resistance at 0.7240.

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: 112.75

Our preference: long positions above 112.75 with targets at 113.00 & 113.15 in extension.

Alternative scenario: below 112.75 look for further downside with 112.60 & 112.40 as targets.

Comment: the break above 112.75 is a positive signal that has opened a path to 113.00.

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: rebound expected.
Pivot: 1220.00

Our preference: long positions above 1220.00 with targets at 1226.00 & 1230.00 in extension.

Alternative scenario: below 1220.00 look for further downside with 1217.50 & 1214.00 as targets.

Comment: the RSI calls for a rebound.

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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