TC FX Analysis

Date:2018/12/12 USD/JPY Intraday: target 113.70.

EUR/USD Intraday: watch 1.1280.
Pivot: 1.1350

Our preference: short positions below 1.1350 with targets at 1.1305 & 1.1280 in extension.

Alternative scenario: above 1.1350 look for further upside with 1.1375 & 1.1400 as targets.

Comment: a break below 1.1305 would trigger a drop towards 1.1280.

 

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: 1.2545

Our preference: short positions below 1.2545 with targets at 1.2450 & 1.2390 in extension.

Alternative scenario: above 1.2545 look for further upside with 1.2580 & 1.2640 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: key resistance at 0.7225.
Pivot: 0.7225

Our preference: short positions below 0.7225 with targets at 0.7190 & 0.7175 in extension.

Alternative scenario: above 0.7225 look for further upside with 0.7240 & 0.7275 as targets.

Comment: the upward potential is likely to be limited by the resistance at 0.7225.

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: target 113.70.
Pivot: 113.15

Our preference: long positions above 113.15 with targets at 113.55 & 113.70 in extension.

Alternative scenario: below 113.15 look for further downside with 113.00 & 112.80 as targets.

Comment: the break above 113.15 is a positive signal that has opened a path to 113.55.

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: 1234.50 in sight.
Pivot: 1247.50

Our preference: short positions below 1247.50 with targets at 1237.50 & 1234.50 in extension.

Alternative scenario: above 1247.50 look for further upside with 1251.00 & 1253.00 as targets.

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

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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