TC FX Analysis

Date:2018/11/29 AUD/USD Intraday: the bias remains bullish.

EUR/USD Intraday: target 1.1420.
Pivot: 1.1340

Our preference: long positions above 1.1340 with targets at 1.1390 & 1.1420 in extension.

Alternative scenario: below 1.1340 look for further downside with 1.1310 & 1.1270 as targets.

Comment: the RSI is bullish and calls 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

 

GBP/USD Intraday: the bias remains bullish.
Pivot: 1.2800

Our preference: long positions above 1.2800 with targets at 1.2860 & 1.2890 in extension.

Alternative scenario: below 1.2800 look for further downside with 1.2760 & 1.2740 as targets.

Comment: the RSI lacks downward 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

 

AUD/USD Intraday: the bias remains bullish.
Pivot: 0.7275

Our preference: long positions above 0.7275 with targets at 0.7330 & 0.7350 in extension.

Alternative scenario: below 0.7275 look for further downside with 0.7250 & 0.7220 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

 

USD/JPY Intraday: under pressure.
Pivot: 113.70

Our preference: short positions below 113.70 with targets at 113.40 & 113.15 in extension.

Alternative scenario: above 113.70 look for further upside with 113.85 & 114.05 as targets.

Comment: the index currently faces a challenging resistance area at 113.70.

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: 1215.50

Our preference: long positions above 1215.50 with targets at 1227.50 & 1231.00 in extension.

Alternative scenario: below 1215.50 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.

Revisit Appointment

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

User experience score