TC FX Analysis

Date:2018/11/30 GBP/USD Intraday: key resistance at 1.2800.

EUR/USD Intraday: bullish bias above 1.1365.
Pivot: 1.1365

Our preference: long positions above 1.1365 with targets at 1.1415 & 1.1435 in extension.

Alternative scenario: below 1.1365 look for further downside with 1.1345 & 1.1310 as targets.

Comment: a support base at 1.1365 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

 

GBP/USD Intraday: key resistance at 1.2800.
Pivot: 1.2800

Our preference: short positions below 1.2800 with targets at 1.2760 & 1.2740 in extension.

Alternative scenario: above 1.2800 look for further upside with 1.2820 & 1.2850 as targets.

Comment: as long as the resistance at 1.2800 is not surpassed, the risk of the break below 1.2760 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: intraday support around 0.7295.
Pivot: 0.7295

Our preference: long positions above 0.7295 with targets at 0.7345 & 0.7360 in extension.

Alternative scenario: below 0.7295 look for further downside with 0.7275 & 0.7250 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

 

USD/JPY Intraday: the bias remains bullish.
Pivot: 113.20

Our preference: long positions above 113.20 with targets at 113.55 & 113.70 in extension.

Alternative scenario: below 113.20 look for further downside with 113.00 & 112.80 as targets.

Comment: a support base at 113.20 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

 

Gold spot Intraday: aim @ 1215.50.
Pivot: 1229.00

Our preference: short positions below 1229.00 with targets at 1220.00 & 1215.50 in extension.

Alternative scenario: above 1229.00 look for further upside with 1233.00 & 1236.00 as targets.

Comment: as long as the resistance at 1229.00 is not surpassed, the risk of the break below 1220.00 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

 

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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