TC FX Analysis

Date:2018/12/10 EUR/USD Intraday: continuation of the rebound.

EUR/USD Intraday: continuation of the rebound.
Pivot: 1.1380

Our preference: long positions above 1.1380 with targets at 1.1425 & 1.1440 in extension.

Alternative scenario: below 1.1380 look for further downside with 1.1360 & 1.1335 as targets.

Comment: the RSI has just landed on its neutrality area at 50% and is turning up.

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 downside prevails.
Pivot: 1.2755

Our preference: short positions below 1.2755 with targets at 1.2700 & 1.2670 in extension.

Alternative scenario: above 1.2755 look for further upside with 1.2780 & 1.2800 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: the downside prevails.
Pivot: 0.7220

Our preference: short positions below 0.7220 with targets at 0.7160 & 0.7120 in extension.

Alternative scenario: above 0.7220 look for further upside with 0.7245 & 0.7275 as targets.

Comment: the RSI is bearish and calls for further downside.

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: 112.75

Our preference: short positions below 112.75 with targets at 112.20 & 112.00 in extension.

above 112.75 look for further upside with 112.95 & 113.25 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

 

Gold spot Intraday: the bias remains bullish.
Pivot: 1243.75

Our preference: long positions above 1243.75 with targets at 1253.00 & 1257.00 in extension.

Alternative scenario: below 1243.75 look for further downside with 1241.00 & 1237.50 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

 

 

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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