TC FX Analysis

Date:2018/12/03 EUR/USD Intraday: rebound.

EUR/USD Intraday: rebound.
Pivot: 1.1305

Our preference: long positions above 1.1305 with targets at 1.1360 & 1.1385 in extension.

Alternative scenario: below 1.1305 look for further downside with 1.1285 & 1.1265 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

 

GBP/USD Intraday: under pressure.
Pivot: 1.2775

Our preference: short positions below 1.2775 with targets at 1.2725 & 1.2695 in extension.

Alternative scenario: above 1.2775 look for further upside with 1.2805 & 1.2825 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

 

 

AUD/USD Intraday: bounce.
Pivot: 0.7310

Our preference: long positions above 0.7310 with targets at 0.7400 & 0.7440 in extension.

Alternative scenario: below 0.7310 look for further downside with 0.7280 & 0.7250 as targets.

Comment: the RSI calls for a bounce.

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: further upside.
Pivot: 113.55

Our preference: long positions above 113.55 with targets at 113.90 & 114.05 in extension.

Alternative scenario: below 113.55 look for further downside with 113.40 & 113.30 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 1219.50.
Pivot: 1219.50

Our preference: long positions above 1219.50 with targets at 1225.00 & 1227.00 in extension.

Alternative scenario: below 1219.50 look for further downside with 1216.50 & 1211.00 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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