TC FX Analysis

Date:2018/12/11 Gold spot Intraday: key resistance at 1248.00.

EUR/USD Intraday: under pressure.
Pivot: 1.1380

Our preference: short positions below 1.1380 with targets at 1.1335 & 1.1315 in extension.

Alternative scenario: above 1.1380 look for further upside with 1.1410 & 1.1440 as targets.

Comment: the break below 1.1380 is a negative signal that has opened a path to 1.1335.

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 1.2600.
Pivot: 1.2600

Our preference: short positions below 1.2600 with targets at 1.2505 & 1.2455 in extension.

Alternative scenario: above 1.2600 look for further upside with 1.2650 & 1.2690 as targets.

Comment: the upward potential is likely to be limited by the resistance at 1.2600.

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: 0.7225

Our preference: short positions below 0.7225 with targets at 0.7165 & 0.7140 in extension.

Alternative scenario: above 0.7225 look for further upside with 0.7245 & 0.7275 as targets.

Comment: as long as the resistance at 0.7225 is not surpassed, the risk of the break below 0.7165 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

 

USD/JPY Intraday: the bias remains bullish.
Pivot: 113.00

Our preference: long positions above 113.00 with targets at 113.50 & 113.70 in extension.

Alternative scenario: below 113.00 look for further downside with 112.75 & 112.55 as targets.

Comment: the break above 113.00 is a positive signal that has opened a path to 113.50.

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: key resistance at 1248.00.
Pivot: 1248.00

Our preference: short positions below 1248.00 with targets at 1241.00 & 1237.50 in extension.

Alternative scenario: above 1248.00 look for further upside with 1251.00 & 1253.50 as targets.

Comment: the RSI is mixed to bearish.

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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