TC FX Analysis

Date:2018/12/14 GBP/USD Intraday: bullish bias above 1.2610.

EUR/USD Intraday: key resistance at 1.1375.
Pivot: 1.1375

Our preference: short positions below 1.1375 with targets at 1.1345 & 1.1330 in extension.

Alternative scenario: above 1.1375 look for further upside with 1.1400 & 1.1425 as targets.

Comment: as long as the resistance at 1.1375 is not surpassed, the risk of the break below 1.1345 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

 

GBP/USD Intraday: bullish bias above 1.2610.
Pivot: 1.2610

Our preference: long positions above 1.2610 with targets at 1.2685 & 1.2720 in extension.

Alternative scenario: below 1.2610 look for further downside with 1.2565 & 1.2520 as targets.

Comment: a support base at 1.2610 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

 

AUD/USD Intraday: bullish bias above 0.7210.
Pivot: 0.7210

Our preference: long positions above 0.7210 with targets at 0.7235 & 0.7245 in extension.

Alternative scenario: below 0.7210 look for further downside with 0.7195 & 0.7180 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

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 113.85.
Pivot: 113.40

Our preference: long positions above 113.40 with targets at 113.70 & 113.85 in extension.

Alternative scenario: below 113.40 look for further downside with 113.25 & 113.10 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

 

Gold spot Intraday: 1236.00 in sight.
Pivot: 1245.00

Our preference: short positions below 1245.00 with targets at 1239.00 & 1236.00 in extension.

Alternative scenario: above 1245.00 look for further upside with 1247.00 & 1249.00 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

 

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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