TC FX Analysis

Date:2018/11/27 Gold spot Intraday: choppy.

EUR/USD Intraday: key resistance at 1.1350.
Pivot: 1.1350

Our preference: short positions below 1.1350 with targets at 1.1300 & 1.1280 in extension.

Alternative scenario: above 1.1350 look for further upside with 1.1380 & 1.1400 as targets.

Comment: the break below 1.1350 is a negative signal that has opened a path to 1.1300.

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: under pressure.
Pivot: 1.2830

Our preference: short positions below 1.2830 with targets at 1.2795 & 1.2765 in extension.

Alternative scenario: above 1.2830 look for further upside with 1.2865 & 1.2890 as targets.

Comment: a break below 1.2795 would trigger a drop towards 1.2765.

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: under pressure.
Pivot: 0.7235

Our preference: short positions below 0.7235 with targets at 0.7200 & 0.7185 in extension.

Alternative scenario: above 0.7235 look for further upside with 0.7260 & 0.7275 as targets.

Comment: the break below 0.7235 is a negative signal that has opened a path to 0.7200.

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: the upside prevails.
Pivot: 113.30

Our preference: long positions above 113.30 with targets at 113.80 & 114.00 in extension.

Alternative scenario: below 113.30 look for further downside with 113.10 & 112.90 as targets.

Comment: the break above 113.30 is a positive signal that has opened a path to 113.80.

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: choppy.
Pivot: 1226.50

Our preference: short positions below 1226.50 with targets at 1219.50 & 1217.00 in extension.

Alternative scenario: above 1226.50 look for further upside with 1228.50 & 1230.50 as targets.

Comment: the RSI lacks upward 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

 

 

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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